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114-hr-3846114th Congress

Historic Tax Credit Improvement Act of 2015

Sponsored By: Representative Kelly, Mike [R-PA-16]

Unknown

Summary

Historic Tax Credit Improvement Act of 2015 This bill amends the Internal Revenue Code, with respect to the tax credit for the rehabilitation of buildings and historic structures, to: (1) allow an increased 30% credit, up to $750,000, for projects with rehabilitation expenditures not exceeding $3.75 million, for which no credit was allowed in either of the 2 prior taxable years (smaller projects); (2) allow the transfer of tax credit amounts for smaller projects; (3) treat a building as substantially rehabilitated if rehabilitation expenditures exceed the greater of 50% of the adjusted basis of the building or $5,000 (currently, the greater of the adjusted basis of the building or $5,000); (4) exempt from tax the proceeds of a state historic tax; and (5) set forth special rules for the tax treatment of tax-exempt use property and functionally-related historic structures.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Kelly, Mike [R-PA-16]

PA • R

Cosponsors

  • Rep. Courtney, Joe [D-CT-2]

    CT • D

    Sponsored 5/11/2016

  • Rep. Blumenauer, Earl [D-OR-3]

    OR • D

    Sponsored 10/28/2015

  • PATRICK TIBERI

    OH • R

    Sponsored 10/28/2015

  • Rep. Neal, Richard E. [D-MA-1]

    MA • D

    Sponsored 10/28/2015

  • Rep. Boustany, Charles W., Jr. [R-LA-3]

    LA • R

    Sponsored 10/28/2015

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 10/28/2015

  • Rep. Turner, Michael R. [R-OH-10]

    OH • R

    Sponsored 10/28/2015

  • Rep. Kind, Ron [D-WI-3]

    WI • D

    Sponsored 10/28/2015

  • CHARLES RANGEL

    NY • D

    Sponsored 10/28/2015

  • Rep. Reed, Tom [R-NY-23]

    NY • R

    Sponsored 10/28/2015

  • Rep. McGovern, James P. [D-MA-2]

    MA • D

    Sponsored 12/3/2015

  • Rep. Kilmer, Derek [D-WA-6]

    WA • D

    Sponsored 12/3/2015

  • Rep. Renacci, James B. [R-OH-16]

    OH • R

    Sponsored 12/3/2015

  • Rep. Poe, Ted [R-TX-2]

    TX • R

    Sponsored 12/17/2015

  • Rep. Jenkins, Lynn [R-KS-2]

    KS • R

    Sponsored 12/17/2015

  • Rep. Pocan, Mark [D-WI-2]

    WI • D

    Sponsored 1/4/2016

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 1/4/2016

  • Rep. Veasey, Marc A. [D-TX-33]

    TX • D

    Sponsored 1/4/2016

  • Rep. Bonamici, Suzanne [D-OR-1]

    OR • D

    Sponsored 1/13/2016

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 1/28/2016

  • Rep. Reichert, David G. [R-WA-8]

    WA • R

    Sponsored 1/28/2016

  • Rep. Beatty, Joyce [D-OH-3]

    OH • D

    Sponsored 1/28/2016

  • Rep. Chabot, Steve [R-OH-1]

    OH • R

    Sponsored 2/24/2016

  • Rep. Byrne, Bradley [R-AL-1]

    AL • R

    Sponsored 2/29/2016

  • Rep. Blum, Rod [R-IA-1]

    IA • R

    Sponsored 2/29/2016

  • Rep. Kaptur, Marcy [D-OH-9]

    OH • D

    Sponsored 2/29/2016

  • Rep. Tsongas, Niki [D-MA-3]

    MA • D

    Sponsored 2/29/2016

  • Rep. Brooks, Susan W. [R-IN-5]

    IN • R

    Sponsored 2/29/2016

  • Rep. Ashford, Brad [D-NE-2]

    NE • D

    Sponsored 3/10/2016

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 3/10/2016

  • Rep. Meehan, Patrick [R-PA-7]

    PA • R

    Sponsored 4/11/2016

  • Rep. Esty, Elizabeth H. [D-CT-5]

    CT • D

    Sponsored 4/15/2016

  • Rep. Paulsen, Erik [R-MN-3]

    MN • R

    Sponsored 4/18/2016

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 4/18/2016

  • Rep. Thompson, Mike [D-CA-4]

    CA • D

    Sponsored 4/29/2016

  • Rep. Cicilline, David N. [D-RI-1]

    RI • D

    Sponsored 4/29/2016

  • Rep. Abraham, Ralph Lee [R-LA-5]

    LA • R

    Sponsored 4/29/2016

  • Rep. Pascrell, Bill, Jr. [D-NJ-9]

    NJ • D

    Sponsored 4/29/2016

  • Rep. Richmond, Cedric L. [D-LA-2]

    LA • D

    Sponsored 5/11/2016

  • Rep. Tonko, Paul [D-NY-20]

    NY • D

    Sponsored 6/7/2016

  • Rep. Thompson, Bennie G. [D-MS-2]

    MS • D

    Sponsored 6/15/2016

  • Rep. Noem, Kristi L. [R-SD-At Large]

    SD • R

    Sponsored 7/5/2016

  • Rep. Joyce, David P. [R-OH-14]

    OH • R

    Sponsored 7/14/2016

  • Rep. Ryan, Tim [D-OH-13]

    OH • D

    Sponsored 7/14/2016

  • Rep. Johnson, Eddie Bernice [D-TX-30]

    TX • D

    Sponsored 9/13/2016

  • Rep. Stivers, Steve [R-OH-15]

    OH • R

    Sponsored 9/13/2016

  • Rep. Harper, Gregg [R-MS-3]

    MS • R

    Sponsored 9/27/2016

  • Rep. Wilson, Joe [R-SC-2]

    SC • R

    Sponsored 9/27/2016

  • Rep. Johnson, Bill [R-OH-6]

    OH • R

    Sponsored 11/29/2016

  • Rep. Stefanik, Elise M. [R-NY-21]

    NY • R

    Sponsored 11/29/2016

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 11/29/2016

  • Rep. Palazzo, Steven M. [R-MS-4]

    MS • R

    Sponsored 11/29/2016

Roll Call Votes

No roll call votes available for this bill.

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