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LEGISLATION INTRODUCED TO EXPAND HISTORIC TAX CREDIT

Friday, October 2, 2009 - 8:00AM

Rep. Allyson Schwartz, D-Pa., yesterday introduced H.R. 3715, the Community Restoration and Revitalization Act of 2009. The bill would amend the Internal Revenue Code of 1986 to expand the historic tax credit (HTC). If passed, the legislation would extend HTCs to smaller projects. Sen. Blanche Lincoln, D-Ark., introduced a companion bill yesterday in the Senate, S. 1743. Both bills have been referred to committee. Copies of both bills will be posted online at the Affordable Housing Resource Center as soon as they become available.

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