There is one summary. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/08/2012)

Preserving America's Downtowns and Heritage Act of 2012 - Amends the Internal Revenue Code to: (1) increase the rate of the rehabilitation tax credit for commercial buildings and for certified historic structures, and (2) allow a new 20% rehabilitation tax credit for certified historic buildings used by a taxpayer as a principal residence.