Summary: S.1306 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1306. Bill summaries are authored by CRS.

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Introduced in Senate (06/07/2017)

Historic Downtown Preservation and Access Act

This bill amends the Internal Revenue Code to allow refundable tax credits for 50% of the expenses paid or incurred by the taxpayer during the year for: (1) installing an elevator or a sprinkler system in a certified historic structure, and (2) hazardous substance (lead paint, radon, and asbestos) abatement services with respect to a certified historic structure. The amount of each of the two credits, with respect to any taxpayer, may not exceed $50,000 per year.