Historic Rehabilitation Enhancement Act of 2005
Latest action · May 19, 2005 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 19, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Historic Rehabilitation Enhancement Act of 2005 - Provides that: (1) the receipt of a state historic tax credit and the transfer, disposition, or refund of such credit shall not constitute income for income tax purposes, unless the taxpayer elects to include such tax credit amount in income; (2) the adjusted basis of property for which a state historic tax credit is allowed shall be reduced by the tax credit amount; and (3) the transfer or disposition of the state historic tax credit shall not affect or reduce qualified rehabilitation expenditures under the rehabilitation tax credit or trigger recapture of income.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Jul 21, 2005 to Sep 6, 2006.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Phil English | Jul 21, 2005 | |
| D-KS | Dennis Moore | Feb 28, 2006 | |
| R-MO | Kenny C. Hulshof | May 18, 2006 | |
| D-MO | Wm. Lacy Clay | Jul 17, 2006 | |
| D-SC | James E. Clyburn | Jul 20, 2006 | |
| D-NY | Brian Higgins | Jul 26, 2006 | |
| R-NY | Vito Fossella | Sep 6, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred May 19, 2005 |
Actions 2
Everything that happened, newest first.
- May 19, 2005Introduced in House
- May 19, 2005Referred to the House Committee on Ways and Means.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To promote State historic tax credits.
- Short Titles as Introduced
- Historic Rehabilitation Enhancement Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 19, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.