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S 1459119th CongressIntroduced
Historic Tax Credit Growth and Opportunity Act of 2025
Introduced: Oct 29, 2025
Economy & TaxesInfrastructure
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 historic rehabilitation tax incentives by increasing credit rates for small projects, enabling credit transferability, expanding eligible building criteria, eliminating basis adjustments, and modifying tax-exempt property rules to stimulate investment in historic preservation and community development nationwide.
Key Points
- 1Increases the rehabilitation tax credit from 20% to 30% for qualifying small projects with expenditures under $3.75 million, raising the cap to $5 million for rural area projects.
- 2Introduces transferability of tax credits for small projects, allowing developers to sell credits to investors while maintaining certification and reporting requirements.
- 3Removes the requirement to reduce property tax basis by the credit amount, improving financial returns for investors in historic rehabilitation projects.
Impact Areas
Historic property owners and developers seeking rehabilitation fundingSmall-scale rehabilitation projects in both urban and rural communitiesInvestors who can now purchase transferable tax creditsThe historic preservation sector and associated construction jobs
Generated by custom-legislative-analyzer-v1 on Nov 4, 2025