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A bill to amend the Internal Revenue Code of 1986 to establish refundable tax credits for expenses relating to ensuring safety and accessibility in historic structures.

USA115th CongressS-1306| Senate 
| Updated: 6/7/2017
Patrick J. Leahy

Patrick J. Leahy

Democratic Senator

Vermont

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Historic Downtown Preservation and Access Act This bill amends the Internal Revenue Code to allow refundable tax credits for 50% of the expenses paid or incurred by the taxpayer during the year for: (1) installing an elevator or a sprinkler system in a certified historic structure, and (2) hazardous substance (lead paint, radon, and asbestos) abatement services with respect to a certified historic structure. The amount of each of the two credits, with respect to any taxpayer, may not exceed $50,000 per year.
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Timeline
Jun 7, 2017
Introduced in Senate
Jun 7, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3330)
  • June 7, 2017
    Introduced in Senate


  • June 7, 2017
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3330)

Taxation

Building constructionFiresHazardous wastes and toxic substancesHistoric sites and heritage areasIncome tax credits

A bill to amend the Internal Revenue Code of 1986 to establish refundable tax credits for expenses relating to ensuring safety and accessibility in historic structures.

USA115th CongressS-1306| Senate 
| Updated: 6/7/2017
Historic Downtown Preservation and Access Act This bill amends the Internal Revenue Code to allow refundable tax credits for 50% of the expenses paid or incurred by the taxpayer during the year for: (1) installing an elevator or a sprinkler system in a certified historic structure, and (2) hazardous substance (lead paint, radon, and asbestos) abatement services with respect to a certified historic structure. The amount of each of the two credits, with respect to any taxpayer, may not exceed $50,000 per year.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 7, 2017
Introduced in Senate
Jun 7, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3330)
  • June 7, 2017
    Introduced in Senate


  • June 7, 2017
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3330)
Patrick J. Leahy

Patrick J. Leahy

Democratic Senator

Vermont

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Building constructionFiresHazardous wastes and toxic substancesHistoric sites and heritage areasIncome tax credits