Historic Tax Credit Growth and Opportunity Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 14
- Latest action
- Apr 10, 2025
What it does
The Historic Tax Credit Growth and Opportunity Act of 2025 would amend the Internal Revenue Code to enhance the historic rehabilitation tax credit by allowing the full 20% credit in the year a building is placed in service, increasing the credit to 30% for qualifying small projects (with expenditure limits of $3.75 million, or $5 million for rural projects), and permitting the transfer of such credits under specific certification and reporting requirements. It also expands eligibility by adjusting the basis calculation for certain buildings, eliminates basis adjustments that previously reduced the credit, and modifies rules for tax-exempt use property to exclude disqualified lease…
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.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
While a bill can still move, the questions are about people and money.