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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Historic Tax Credit Growth and Opportunity Act of 2019

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to improve the historic rehabilitation tax credit, and for other purposes.


Actions Overview (1)

Date Actions Overview
10/16/2019Introduced in Senate

All Actions (1)

Date All Actions
10/16/2019Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (12)


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance10/16/2019 Referred to

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Subjects (1)


Latest Summary (1)

There is one summary for S.2615. View summaries

Shown Here:
Introduced in Senate (10/16/2019)

Historic Tax Credit Growth and Opportunity Act of  2019

This bill increases the rehabilitation tax credit and modifies certain requirements for the credit.

The bill increases the rate of the credit to 30%  for small projects (rehabilitation expenditures not exceeding $3.75 million) and caps the credit for such projects at $750,000 for all taxable years.

The bill also expands the types of buildings eligible for rehabilitation by decreasing the rehabilitation threshold from 100% to 50% of project expenses. It also eliminates the basis adjustment requirement for the credit and modifies rules relating to the eligibility of tax-exempt use property for the credit.