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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).
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5882
Primary Policy Focus
TaxationAlternate 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.
Comments
Sponsors and Cosponsors of HR 5882
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