Revitalizing Downtowns and Main Streets Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4693 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4693 To amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 11 (legislative day, July 10), 2024 Ms. Stabenow (for herself, Mr. Brown, Mr. Peters, and Mr. Padilla) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Revitalizing Downtowns and Main Streets Act''. SEC. 2. INVESTMENT CREDIT FOR CONVERSION OF NON-RESIDENTIAL BUILDING TO AFFORDABLE HOUSING. (a) In General.--Subpart E of part IV of subchapter A of chapter …