A bill to amend the Internal Revenue Code of 1954 to increase the investment tax credit for qualified rehabilitation expenditures.
Commercial and Industrial Structures Rehabilitation Act - Amends the Internal Revenue Code to increase from ten percent to 25 percent the investment tax credit percentage for qualified rehabilitation expenditures. Includes as qualified rehabilitation expenditures any expenditures for property which is otherwise eligible for the investment tax credit.
Became Public Law No: 97-34.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4242.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line