S 1459
A bill to amend the Internal Revenue Code of 1986 to improve the historic rehabilitation tax credit, and for other purposes.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 16, 2026, 3:01 PM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Historic Tax Credit Growth and Opportunity Act of 2025 aims to expand and improve the historic rehabilitation tax credit. It increases the credit rate to 20% for most projects and provides a higher rate of 30% for qualifying small projects, particularly in rural areas. The bill also introduces mechanisms for transferring historic credits and broadens the types of buildings eligible for the credit, while addressing potential issues related to tax-exempt property and lease arrangements.
Sponsors
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Primary sponsor
Cosponsors
Angus S., Jr. King
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