Rehabilitation and Historic Preservation Tax Incentives Act of 1981 - Amends the Internal Revenue Code to allow an income tax credit for ten percent of the expenditures for the rehabilitation of a certified historic structure.
Increases from ten percent to 25 percent the investment tax credit percentage for rehabilitation expenditures in connection with certified historic structures. Qualifies specified rehabilitated multifamily residential rental properties for the investment tax credit.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4242.
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