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

Jul 08, 2011 (112th Congress, 2011–2013)
Died (Referred to Committee)
Aaron Schock
Representative for Illinois's 18th congressional district
Read Text »
Last Updated
Jul 08, 2011
19 pages
Related Bills
S. 2074 (Related)
Creating American Prosperity through Preservation Act of 2012

Referred to Committee
Last Action: Feb 06, 2012


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

Introduced Jul 08, 2011
Referred to Committee Jul 08, 2011
Full Title

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


No summaries available.

51 cosponsors (42D, 9R) (show)

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.

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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