A bill to amend the Internal Revenue Code of 1986 to eliminate the requirement that the taxpayer's basis in a building be reduced by the amount of the rehabilitation credit determined with respect to such building.
Historic Tax Credit Enhancement Act This bill amends the Internal Revenue Code to eliminate the requirement for a taxpayer to reduce the basis of a building by the amount of the tax credit determined for the rehabilitation of a certified historic structure.
A bill to amend the Internal Revenue Code of 1986 to eliminate the requirement that the taxpayer's basis in a building be reduced by the amount of the rehabilitation credit determined with respect to such building.
USA115th CongressS-3058| Senate
| Updated: 6/13/2018
Historic Tax Credit Enhancement Act This bill amends the Internal Revenue Code to eliminate the requirement for a taxpayer to reduce the basis of a building by the amount of the tax credit determined for the rehabilitation of a certified historic structure.