REHAB Act of 2020
Latest action · Mar 10, 2020 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.
- IntroducedMar 10, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Revitalizing Economies, Housing, And Businesses Act of 2020 or the REHAB Act of 2020
This bill modifies provisions relating to the rehabilitation tax credit. Specifically, the bill allows an increased 15% credit for non-historic buildings placed in service 50 years prior to the current calendar year. It also allows the credit for buildings within a half-mile of public transportation facilities, for residential lodging purposes, and for expenses related to building expansion on the same block as a qualified rehabilitation building.
The bill allows a 25% credit for rent-restricted housing units and for expenses related to public infrastructure projects required by state or local governments as a condition of project completion.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Mar 10, 2020 to Oct 16, 2020; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Daniel T. Kildee | Original | Mar 10, 2020 |
| R-IL | Darin LaHood | Original | Mar 10, 2020 |
| R-PA | Mike Kelly | Original | Mar 10, 2020 |
| D-CA | Linda T. Sánchez | Oct 16, 2020 |
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 Mar 10, 2020 |
Actions 2
Everything that happened, newest first.
- Mar 10, 2020Introduced in House
- Mar 10, 2020Referred 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.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 166, no. 46, March 10, 2020, page H1588.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1483 | REHAB Act of 2021 | Reintroduced Bill | Mar 2, 2021 |
| HR 7074 | Promoting Equitable Transit-Oriented Development and Mobility Corridors Act | Related bill | Jun 2, 2020 |
Titles 3
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.
- Short Title(s) as Introduced
- REHAB Act of 2020
- Revitalizing Economies, Housing, And Businesses Act of 2020
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 10, 2020Introduced 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.
