Rural Historic Tax Credit Improvement Act

Hozzl · 2025-03-22T08:06:28Z

Explore the details of House Bill 1454 Rural Historic Tax Credit Improvement Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/22/2025, 8:06 AM

Summary of Bill HR 1454

Bill 119 HR 1454, also known as the Rural Rehabilitation Tax Credit Enhancement Act, aims to make changes to the Internal Revenue Code of 1986 in order to improve the rehabilitation credit for buildings located in rural areas. The bill seeks to incentivize the revitalization of rural communities by providing tax credits to individuals or businesses that invest in the restoration and renovation of buildings in these areas.

Specifically, the bill proposes to increase the rehabilitation credit for buildings in rural areas from 20% to 30% of the qualified rehabilitation expenditures. This increase in the tax credit is intended to encourage more investment in the restoration of historic and older buildings in rural communities, which can help stimulate economic growth and preserve the unique character of these areas.

Additionally, the bill includes provisions to ensure that the enhanced rehabilitation credit is targeted towards buildings in rural areas that are historically or architecturally significant. This is meant to prioritize the preservation of important cultural landmarks and structures in rural communities. Overall, the Rural Rehabilitation Tax Credit Enhancement Act aims to support the revitalization of rural areas by providing tax incentives for the rehabilitation of buildings in these communities. By encouraging investment in the restoration of historic and older structures, the bill seeks to promote economic development and preserve the cultural heritage of rural America.

Current Status of Bill HR 1454

Bill HR 1454 is currently in the status of Bill Introduced since February 21, 2025. Bill HR 1454 was introduced during Congress 119 and was introduced to the House on February 21, 2025. Bill HR 1454's most recent activity was Referred to the House Committee on Ways and Means. as of February 21, 2025

Bipartisan Support of Bill HR 1454

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1454

Primary Policy Focus

Alternate Title(s) of Bill HR 1454

To amend the Internal Revenue Code of 1986 to enhance the rehabilitation credit for buildings in rural areas.To amend the Internal Revenue Code of 1986 to enhance the rehabilitation credit for buildings in rural areas.

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Comments

Sponsors and Cosponsors of HR 1454

Steven Horsford

Nevada(Democrat)

Riley Moore

West Virginia(Independent)

Latest Bills

Rural Historic Tax Credit Improvement Act

Summary of Bill HR 1454

Current Status of Bill HR 1454

Bipartisan Support of Bill HR 1454

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1454

Primary Policy Focus

Alternate Title(s) of Bill HR 1454

Comments

Sponsors and Cosponsors of HR 1454

Steven Horsford

Riley Moore

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