H.R. 2294: Historic Tax Credit Growth and Opportunity Act of 2021

117th Congress · introduced 2021-04-01 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

Where it came from: introduced 2021-04-01 · official record
Who proposed it: Rep. Blumenauer, Earl [D-OR-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 Growth and Opportunity Act of 2021

Plain summary

Historic Tax Credit Growth and Opportunity Act of 2021 This bill increases the rehabilitation tax credit and modifies certain requirements for the credit. The bill increases the rate of the credit for qualified rehabilitation expenditures in taxable years beginning after December 31, 2019, and before January 1, 2027, after which the rate reverts to 20%. The bill increases the rate of the credit to 30% for certain small projects whose qualified rehabilitation expenditures do not exceed $2.5 million. The bill also expands the types of buildings eligible for rehabilitation by decreasing the rehabilitation threshold from 100% to 50% of project expenses. It also eliminates the basis adjustment requirement for the credit and modifies rules relating to tax-exempt use property eligible for the credit.

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

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Historic Tax Credit Growth and Opportunity Act of 2021

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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

Officials and money

Sponsor: Rep. Blumenauer, Earl [D-OR-3] · 104 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Darin LaHood (R-IL), Terri A. Sewell (D-AL), Marcy Kaptur (D-OH), Brian K. Fitzpatrick (R-PA), Michael R. Turner (R-OH), Mike Kelly (R-PA), Stephanie I. Bice (R-OK), Carol D. Miller (R-WV), Joyce Beatty (D-OH), Eleanor Holmes Norton (D-DC), Suzan K. DelBene (D-WA), Ilhan Omar (D-MN), Marilyn Strickland (D-WA), Thomas R. Suozzi (D-NY), Madeleine Dean (D-PA), Dwight Evans (D-PA), Brendan F. Boyle (D-PA), Richard Hudson (R-NC), Angie Craig (D-MN), Joseph D. Morelle (D-NY), Bruce Westerman (R-AR), Jason Smith (R-MO), Kim Schrier (D-WA), Earl L. "Buddy" Carter (R-GA), Glenn Thompson (R-PA), Elise M. Stefanik (R-NY), Don Bacon (R-NE), Suzanne Bonamici (D-OR), Rick Larsen (D-WA), Gwen Moore (D-WI), James P. McGovern (D-MA), J. French Hill (R-AR), Lloyd Smucker (R-PA), Betty McCollum (D-MN), John B. Larson (D-CT), Carlos A. Gimenez (R-FL), Deborah K. Ross (D-NC), Claudia Tenney (R-NY), Mark Pocan (D-WI) and 44 more.

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 (2)

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).
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-117hr2294.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr2294 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117