To amend the Internal Revenue Code of 1986 to eliminate the requirement that the taxpayer's basis in a building be reduced by the amount of the rehabilitation credit determined with respect to such building.
Historic Tax Credit Enhancement Act of 2018
This bill amends the Internal Revenue Code to eliminate the requirement for a taxpayer to reduce the basis of a building by the amount of the tax credit determined for the rehabilitation of a certified historic structure.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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