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To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit to allow such credit to be taken in one taxable year.

12/15/2023, 4:02 PM

Congressional Summary of HR 5882

This bill allows the full amount of the 20% rehabilitation tax credit to be taken in one taxable year (currently, spread over five years).

Current Status of Bill HR 5882

Bill HR 5882 is currently in the status of Bill Introduced since October 3, 2023. Bill HR 5882 was introduced during Congress 118 and was introduced to the House on October 3, 2023.  Bill HR 5882's most recent activity was Referred to the House Committee on Ways and Means. as of October 25, 2023

Bipartisan Support of Bill HR 5882

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5882

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5882

To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit to allow such credit to be taken in one taxable year.
To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit to allow such credit to be taken in one taxable year.

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