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119-hr-2941119th CongressWALLET

Historic Tax Credit Growth and Opportunity Act of 2025

Sponsored By: Representative LaHood, Darin [R-IL-16]

Introduced

Summary

Expands and makes the Historic Rehabilitation Tax Credit more generous and transferable for small and rural projects. It would set a 20 percent base credit and add a special small-project option with a higher credit rate and clear transfer rules.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

30 percent transferable credit for small projects

This bill would create an elective rule for qualifying small historic rehab projects and raise the credit rate to 30% of eligible costs. The credit would count up to $3,750,000 of rehab costs, or up to $5,000,000 for projects in defined rural areas, for projects placed in service after enactment. You would be able to transfer all or part of the credit to a buyer using a required certificate. Amounts received from selling the credit would be excluded from gross income, and buyers could not deduct what they paid.

More tax credit for historic rehab

This bill would set the historic rehabilitation tax credit at 20% of qualified rehabilitation costs for property placed in service after December 31, 2023. It would let taxpayers use 50% of a building's adjusted basis when computing the credit for property placed in service after enactment. The bill would also remove the usual rule that lowers a building's tax basis when you take this credit. If enacted, property owners and developers could claim larger one-time tax credits on qualifying rehab projects.

Sponsors & CoSponsors

Sponsor

LaHood, Darin [R-IL-16]

IL • R

Cosponsors

  • Rep. Elfreth, Sarah [D-MD-3]

    MD • D

    Sponsored 9/28/2026

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

    DC • D

    Sponsored 9/28/2026

  • Rep. Watson Coleman, Bonnie [D-NJ-12]

    NJ • D

    Sponsored 9/28/2026

  • Rep. Kiggans, Jennifer A. [R-VA-2]

    VA • R

    Sponsored 10/1/2026

  • Rep. Correa, J. Luis [D-CA-46]

    CA • D

    Sponsored 10/5/2026

  • Rep. Brownley, Julia [D-CA-26]

    CA • D

    Sponsored 10/5/2026

  • Rep. Sykes, Emilia Strong [D-OH-13]

    OH • D

    Sponsored 10/6/2026

  • Rep. Mejia, Analilia [D-NJ-11]

    NJ • D

    Sponsored 10/6/2026

  • Rep. Jayapal, Pramila [D-WA-7]

    WA • D

    Sponsored 8/8/2025

  • Rep. Pou, Nellie [D-NJ-9]

    NJ • D

    Sponsored 9/3/2025

  • Rep. Gillen, Laura [D-NY-4]

    NY • D

    Sponsored 10/10/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 4/17/2025

  • Rep. Bishop, Sanford D. [D-GA-2]

    GA • D

    Sponsored 4/28/2025

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 4/29/2025

  • Rep. Schrier, Kim [D-WA-8]

    WA • D

    Sponsored 5/5/2025

  • Rep. Budzinski, Nikki [D-IL-13]

    IL • D

    Sponsored 5/5/2025

  • Rep. Krishnamoorthi, Raja [D-IL-8]

    IL • D

    Sponsored 5/6/2025

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 5/13/2025

  • Rep. Cleaver, Emanuel [D-MO-5]

    MO • D

    Sponsored 5/13/2025

  • Rep. Davids, Sharice [D-KS-3]

    KS • D

    Sponsored 5/19/2025

  • Rep. Matsui, Doris O. [D-CA-7]

    CA • D

    Sponsored 5/20/2025

  • Rep. Omar, Ilhan [D-MN-5]

    MN • D

    Sponsored 5/29/2025

  • Rep. Harder, Josh [D-CA-9]

    CA • D

    Sponsored 5/29/2025

  • Rep. Craig, Angie [D-MN-2]

    MN • D

    Sponsored 6/3/2025

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 6/4/2025

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 6/4/2025

  • Rep. Mrvan, Frank J. [D-IN-1]

    IN • D

    Sponsored 6/4/2025

  • Rep. Riley, Josh [D-NY-19]

    NY • D

    Sponsored 6/4/2025

  • Rep. Strickland, Marilyn [D-WA-10]

    WA • D

    Sponsored 6/4/2025

  • Rep. Carter, Troy A. [D-LA-2]

    LA • D

    Sponsored 6/4/2025

  • Rep. McClain Delaney, April [D-MD-6]

    MD • D

    Sponsored 6/4/2025

  • Rep. Stanton, Greg [D-AZ-4]

    AZ • D

    Sponsored 7/10/2025

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 7/16/2025

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 10/22/2026

  • Rep. Turner, Michael R. [R-OH-10]

    OH • R

    Sponsored 11/17/2025

  • Rep. Magaziner, Seth [D-RI-2]

    RI • D

    Sponsored 11/17/2025

  • Rep. Castor, Kathy [D-FL-14]

    FL • D

    Sponsored 12/3/2025

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 12/10/2025

  • Rep. Sorensen, Eric [D-IL-17]

    IL • D

    Sponsored 12/16/2025

  • Rep. Wittman, Robert J. [R-VA-1]

    VA • R

    Sponsored 2/26/2026

  • Rep. Miller, Carol D. [R-WV-1]

    WV • R

    Sponsored 3/17/2026

  • Rep. McGuire, John J. [R-VA-5]

    VA • R

    Sponsored 3/17/2026

  • Rep. Landsman, Greg [D-OH-1]

    OH • D

    Sponsored 3/17/2026

  • Rep. Doggett, Lloyd [D-TX-37]

    TX • D

    Sponsored 3/17/2026

  • Rep. Ross, Deborah K. [D-NC-2]

    NC • D

    Sponsored 3/17/2026

  • Rep. McCollum, Betty [D-MN-4]

    MN • D

    Sponsored 3/17/2026

  • Rep. Fitzgerald, Scott [R-WI-5]

    WI • R

    Sponsored 3/19/2026

  • Rep. Mannion, John W. [D-NY-22]

    NY • D

    Sponsored 3/26/2026

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 3/26/2026

  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

    Sponsored 3/26/2026

  • Rep. Kennedy, Timothy M. [D-NY-26]

    NY • D

    Sponsored 4/9/2026

  • Rep. Latimer, George [D-NY-16]

    NY • D

    Sponsored 4/29/2026

  • Rep. Goldman, Daniel S. [D-NY-10]

    NY • D

    Sponsored 5/14/2026

  • Rep. Thanedar, Shri [D-MI-13]

    MI • D

    Sponsored 5/21/2026

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 6/2/2026

  • Rep. Meng, Grace [D-NY-6]

    NY • D

    Sponsored 6/15/2026

  • Rep. Deluzio, Christopher R. [D-PA-17]

    PA • D

    Sponsored 6/15/2026

Roll Call Votes

No roll call votes available for this bill.

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