H.R. 3846: Historic Tax Credit Improvement Act of 2015

114th Congress · introduced 2015-10-28 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

Where it came from: introduced 2015-10-28 · official record
Who proposed it: Rep. Kelly, Mike [R-PA-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Historic Tax Credit Improvement Act of 2015

Plain summary

Historic Tax Credit Improvement Act of 2015 This bill amends the Internal Revenue Code, with respect to the tax credit for the rehabilitation of buildings and historic structures, to: (1) allow an increased 30% credit, up to $750,000, for projects with rehabilitation expenditures not exceeding $3.75 million, for which no credit was allowed in either of the 2 prior taxable years (smaller projects); (2) allow the transfer of tax credit amounts for smaller projects; (3) treat a building as substantially rehabilitated if rehabilitation expenditures exceed the greater of 50% of the adjusted basis of the building or $5,000 (currently, the greater of the adjusted basis of the building or $5,000); (4) exempt from tax the proceeds of a state historic tax; and (5) set forth special rules for the tax treatment of tax-exempt use property and functionally-related historic structures.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Historic Tax Credit Improvement Act of 2015

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Kelly, Mike [R-PA-3] · 52 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Richard E. Neal (D-MA), John B. Larson (D-CT), Michael R. Turner (R-OH), James P. McGovern (D-MA), Mark Pocan (D-WI), Eleanor Holmes Norton (D-DC), Marc A. Veasey (D-TX), Suzanne Bonamici (D-OR), Bill Huizenga (R-MI), Joyce Beatty (D-OH), Marcy Kaptur (D-OH), Gwen Moore (D-WI), Suzan K. DelBene (D-WA), Mike Thompson (D-CA), Joe Courtney (D-CT), Paul Tonko (D-NY), Bennie G. Thompson (D-MS), David P. Joyce (R-OH), Joe Wilson (R-SC), Elise M. Stefanik (R-NY), Pete Sessions (R-TX)

Sponsor's campaign money: Rep. Kelly, Mike [R-PA-3] reported raising $1.4 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr3846.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>

Record fed-us-cong114-hr3846 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114