Historic Tax Credit Growth and Opportunity Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1459 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1459 To amend the Internal Revenue Code of 1986 to improve the historic rehabilitation tax credit, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 10, 2025 Mr. Cassidy (for himself, Mr. Warner, Ms. Collins, and Ms. Cantwell) 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 improve the historic rehabilitation tax credit, and for other purposes. 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 ``Historic Tax Credit Growth and Opportunity Act of 2025''. SEC. 2. FULL CREDIT ALLOWED IN THE YEAR BUILDING PLACED IN SERVICE. (a) In General.--Section 47(a) of the Internal Revenue Code of 1986 is amended to read as follows: ``(a) General Rule.--For purposes of section…