Community Restoration and Revitalization Act of 2005
Latest action · Feb 8, 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.
- IntroducedFeb 8, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Community Restoration and Revitalization Act of 2005 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6) modify qualification rules for credit property that is tax-exempt use property; and (7) increase the credit for buildings in high cost areas.
Cosponsors 43
Members who signed on, in the order they did. Signatures ran from Feb 8, 2005 to Apr 28, 2005; 7 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NC | Brad Miller | Original | Feb 8, 2005 |
| R-OH | Michael R. Turner | Original | Feb 8, 2005 |
| R-CT | Nancy L. Johnson | Original | Feb 8, 2005 |
| R-PA | Phil English | Original | Feb 8, 2005 |
| D-MA | Richard E. Neal | Original | Feb 8, 2005 |
| D-OH | Stephanie Tubbs Jones | Original | Feb 8, 2005 |
| D-LA | William J. Jefferson | Original | Feb 8, 2005 |
| D-CA | Adam B. Schiff | Apr 6, 2005 | |
| D-PA | Allyson Y. Schwartz | Apr 6, 2005 | |
| D-AL | Artur Davis | Apr 6, 2005 | |
| D-TN | Bart Gordon | Apr 6, 2005 | |
| R-CO | Bob Beauprez | Apr 6, 2005 | |
| R-MS | Charles W. "Chip" Pickering | Apr 6, 2005 | |
| D-CA | Diane E. Watson | Apr 6, 2005 | |
| R-VA | Frank R. Wolf | Apr 6, 2005 | |
| R-FL | Ileana Ros-Lehtinen | Apr 6, 2005 | |
| D-MA | James P. McGovern | Apr 6, 2005 | |
| R-FL | Jeff Miller | Apr 6, 2005 | |
| R-LA | Jim McCrery | Apr 6, 2005 | |
| D-GA | John Barrow | Apr 6, 2005 | |
| D-GA | John Lewis | Apr 6, 2005 | |
| D-SC | John M. Spratt, Jr. | Apr 6, 2005 | |
| R-IN | John N. Hostettler | Apr 6, 2005 | |
| R-IN | Mark E. Souder | Apr 6, 2005 | |
| D-AR | Mike Ross | Apr 6, 2005 | |
| R-LA | Richard H. Baker | Apr 6, 2005 | |
| R-UT | Rob Bishop | Apr 6, 2005 | |
| R-CT | Rob Simmons | Apr 6, 2005 | |
| D-AL | Robert E. (Bud) Cramer Jr. | Apr 6, 2005 | |
| D-NJ | Robert E. Andrews | Apr 6, 2005 | |
| D-NJ | Robert Menendez | Apr 6, 2005 | |
| R-LA | Rodney Alexander | Apr 6, 2005 | |
| R-TX | Ron Paul | Apr 6, 2005 | |
| D-TX | Ruben Hinojosa | Apr 6, 2005 | |
| D-TX | Sheila Jackson Lee | Apr 6, 2005 | |
| R-WV | Shelley Moore Capito | Apr 6, 2005 | |
| R-NY | Sherwood Boehlert | Apr 6, 2005 | |
| R-AL | Spencer Bachus | Apr 6, 2005 | |
| D-AR | Vic Snyder | Apr 6, 2005 | |
| R-TN | William L. Jenkins | Apr 6, 2005 | |
| D-CO | Mark Udall | Apr 12, 2005 | |
| D-NM | Tom Udall | Apr 21, 2005 | |
| D-WA | Rick Larsen | Apr 28, 2005 |
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 Feb 8, 2005 |
Actions 2
Everything that happened, newest first.
- Feb 8, 2005Introduced in House
- Feb 8, 2005Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| RL32899 | Housing Issues in the 109th Congress Archived | Report | Jan 8, 2007 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3159 | Community Restoration and Revitalization Act of 2005 | Related bill | Jun 30, 2005 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit and the low-income housing credit.
- Short Titles as Introduced
- Community Restoration and Revitalization Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Building construction
- Commemorations
- Commerce
- Depressed areas
- Economics and Public Finance
- Historic sites
- History
- Housing and Community Development
- Income tax
- Investment tax credit
- Leases
- Low-income housing
- Maintenance and repair
- Office buildings
- Rental housing
- Residential rehabilitation
- Tax credits
- Tax-exempt organizations
- Taxation
- Valuation
Text 1
Each version as it was printed, newest first.
- Feb 8, 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.