Historic Tax Credit Growth and Opportunity Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 52
- Latest action
- Apr 17, 2025
What it does
The Historic Tax Credit Growth and Opportunity Act of 2025 would amend the Internal Revenue Code to increase the historic rehabilitation tax credit from 20% to 30% for qualifying small projects, with an even higher cap of $5 million in qualified expenditures for rural projects, and allow the transfer of these credits to other taxpayers. It would also expand eligibility by adjusting the basis calculation for certain buildings, eliminate basis adjustments that reduce the credit when claimed, and modify rules for tax-exempt use property to exclude disqualified lease considerations for government entities. These changes would apply to property placed in service after the bill’s enactment,…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.