H.R. 1483 · 117th Congress
Revitalizing Economies, Housing, And Businesses Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BlumenauerSponsor7 cosponsors · 4 D, 3 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Revitalizing Economies, Housing, And Businesses Act of 2021 or the REHAB Act of 2021
What it does: CRS summary · Introduced in House · Mar 2, 2021
Revitalizing Economies, Housing, And Businesses Act of 2021 or the REHAB Act of 2021
This bill modifies provisions relating to the rehabilitation tax credit. Specifically, the bill allows an increased 15% credit for non-historic buildings placed in service 50 years prior to the current calendar year. It also allows the credit for buildings within a half-mile of public transportation facilities, for residential lodging purposes, and for expenses related to building expansion on the same block as a qualified rehabilitation building.
The bill allows a 25% credit for rent-restricted housing units and for expenses related to public infrastructure projects required by state or local governments as a condition of project completion.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Revitalizing Economies, Housing, And Businesses Act of 2021
Also known as: REHAB Act of 2021
Latest action (Mar 2, 2021): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 2, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.