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HR 2941119th CongressIntroduced
Historic Tax Credit Growth and Opportunity Act of 2025
Introduced: Oct 29, 2025
Economy & Taxes
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Historic Tax Credit Growth and Opportunity Act of 2025 amends the Internal Revenue Code to enhance incentives for rehabilitating historic buildings by increasing tax credits, expanding eligibility, and enabling credit transferability for small projects.
Key Points
- 1Allows full 20% rehabilitation tax credit in the year a building is placed in service after 2023.
- 2Raises credit rate to 30% for small projects under $3.75 million, with higher limits for rural areas.
- 3Enables transfer of credits for qualifying small projects, with certification and reporting requirements.
Impact Areas
Owners of historic buildingsSmall-scale developers and investorsRural communities and local economiesTax-exempt entities involved in rehabilitation
Generated by legislative-analysis-v3 on Nov 4, 2025