H.R. 2097 (104th): Commercial Revitalization Tax Act of 1995

Jul 21, 1995 (104th Congress, 1995–1996)
Died (Referred to Committee)
See Instead:

H.R. 2163 (same title)
Referred to Committee — Aug 02, 1995

H.R. 2138 (same title)
Referred to Committee — Jul 28, 1995

José Serrano
Representative for New York's 16th congressional district
Read Text »
Last Updated
Jul 21, 1995
14 pages
Related Bills
H.R. 2163 (identical)

Referred to Committee
Last Action: Aug 02, 1995

H.R. 2138 (identical)

Referred to Committee
Last Action: Jul 28, 1995


This bill was introduced on July 21, 1995, in a previous session of Congress, but was not enacted.

Introduced Jul 21, 1995
Referred to Committee Jul 21, 1995
Full Title

To amend the Internal Revenue Code of 1986 to provide a tax credit for investment necessary to revitalize communities within the United States, and for other purposes.


No summaries available.


House Ways and Means

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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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.

Commercial Revitalization Tax Act of 1995 - Amends the Internal Revenue Code to allow an investment tax credit equal to a percentage of expenditures for depreciable property in connection with the rehabilitation or reconstruction of a nonresidential building located in:
(1) an empowerment zone or enterprise community;
(2) an area established pursuant to a consolidated planning process for the use of Federal housing and community development funds; or
(3) a low-income commercial revitalization district specially designated by a State or local government which is not primarily a nonresidential central business district.
Requires, for qualification of such expenditures, that they exceed 25 percent of the fair market value of the building before rehabilitation.
Imposes a State ceiling on the availability of the credit.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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