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H.R. 1785 · 118th Congress

Historic Tax Credit Growth and Opportunity Act of 2023

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

DLR LaHoodSponsor
68 cosponsors · 42 D, 26 R
EBD Blumenauer BHD Higgins MKR Kelly TSD Sewell MTR Turner DKD Kilmer DKR Kustoff LDD Doggett DKD Kildee DRD Ross ASD Smith BSD Schneider CTR Tenney MCR Carey AFR Ferguson DBR Bacon MGD Gluesenkamp Perez SPD Plaskett RHR Hudson LSR Smucker TCD Carter GGR Graves JGD Gomez MKD Kaptur TKR Kelly DED Evans BFR Finstad BMD McCollum SCD Cohen GMD Moore MFR Flood BJR Johnson GTR Thompson AWR Wagner LBR Bucshon DBD Beyer BCR Carter CPD Pingree BWR Wenstrup PTD Tonko SDD DelBene RKD Kelly CMR Miller SDD Davids BFR Fitzpatrick JJD Jackson RKD Krishnamoorthi DRD Ramirez LFD Fletcher TKR Kean RYR Yakym MAR Amodei ECD Cleaver GAD Amo DDD Davis IOD Omar FPD Pallone BWD Watson Coleman DDD Davis JGD Gottheimer AHR Hinson PJD Jayapal MCD Cartwright SMD Magaziner KPD Porter PSR Stauber ACD Craig AKD Kim

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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

What it does: CRS summary · Introduced in House · Mar 24, 2023

Historic Tax Credit Growth and Opportunity Act of 2023

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

The bill increases the rate of the credit for qualified rehabilitation expenditures in taxable years beginning after December 31, 2020, and before January 1, 2028, after which the rate reverts to 20%.

The bill increases the rate of the credit to 30% for certain small projects whose qualified rehabilitation expenditures do not exceed $2.5 million.

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 tax-exempt use property eligible for the credit.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Historic Tax Credit Growth and Opportunity Act of 2023

Latest action (Mar 24, 2023): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Mar 24, 2023

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.