Rural Historic Tax Credit Improvement Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1454 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1454 To amend the Internal Revenue Code of 1986 to enhance the rehabilitation credit for buildings in rural areas. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 21, 2025 Mr. Carey (for himself and Mr. Horsford) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to enhance the rehabilitation credit for buildings in rural areas. 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 ``Rural Historic Tax Credit Improvement Act''. SEC. 2. ENHANCEMENT OF REHABILITATION CREDIT FOR BUILDINGS IN RURAL AREAS. (a) In General.--Section 47(a) of the Internal Revenue Code of 1986 is amended-- (1) in paragraph (1), by striking ``For purposes'' and inserting ``Except as provided in paragraph (3), for purposes…