S. 1141 – Creating American Prosperity Through Preservation Act
Sponsors: Sen. Susan Collins (R-ME) and Sen. Ben Cardin (D-MD)
Would amend the existing commercial rehabilitation tax credit to create a larger credit for smaller projects, improve usability by non-profits, clarify the age of eligibility, exempt state credits from federal income tax, and establish an energy efficiency supplement.
Sponsor: Rep. David McKinley (R-WV)
Introduced: May 17, 2013
Increases the historic tax credit to 25% for certified historic structures and to 12.5% for other buildings. It also includes a 20% tax credit for rehabilitation of historic principal residences.
Referred to the Committee on Ways & Means
H.R. 877 – Historic Homeownership Revitalization Act of 2013
Sponsors: Rep. Michael Turner (R-OH), Rep. Rush Holt (D-NJ)
Introduced: February 27, 2013
Would establish a historic rehabilitation tax credit for homeowners and developers of historic homes.
Status: Referred to House Committee on Ways and Means.
H.R. 445 – To Authorize a National Heritage Area Program
Sponsors: Rep. Charles Dent (R-PA), Rep. Paul Tonko (D-NY)
Introduced and Referred to the Subcommittee on Public Lands and Environmental Regulation: February 1, 2013
Establishes consistant program legislation and performance metrics for the establishment and ongoing operation of National Heritage Areas.
H.R. 655 – Restore Our Neighborhoods Act of 2013
Would permit funds from ‘Hardest Hit Fund” program to be used for demolition.
H.R. 656 – Restore Our Neighborhoods Act of 2013
Would allocate $4 billion in bonds to demolish “blighted” structures.
Sponsor: Rep. David Joyce (R-OH)
Introduced and Referred to House Committee on Financial Services February 13, 2013