H.R. 2479 (112th): Creating American Prosperity through Preservation Act of 2011

Introduced:
Jul 08, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Aaron Schock [R-IL18]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on July 8, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 08, 2011
Referred to Committee Jul 08, 2011
Cosponsors
51 cosponsors (42D, 9R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jul 08, 2011.
19 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/8/2011--Introduced.
Creating American Prosperity through Preservation Act of 2011 - Amends the Internal Revenue Code, with respect to tax credits for building rehabilitation expenditures, to:
(1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures,
(2) provide for an additional 2% credit amount for a building that is a qualified energy efficient rehabilitated building (increased energy efficiency of 30% or more),
(3) change the placed-in-service requirement for non-historic rehabilitated buildings from before 1936 to 50 years prior to the year in which qualified rehabilitation expenditures are taken into account, and
(4) exempt from tax the proceeds of a state historic tax credit.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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