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H.R. 4759: Revitalizing Downtowns Act

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H.R. 4759: Revitalizing Downtowns Act

117th Congress · introduced 2021-07-28 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-07-28 · official record
  2. Who proposed it: Rep. Gomez, Jimmy [D-CA-34] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. 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.
  5. 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

Revitalizing Downtowns Act

Plain summary

Revitalizing Downtowns Act This bill expands the investment tax credit to add a qualified office conversion credit. The amount of such credit is 20% of the qualified conversion expenditures with respect to a qualified converted building. The bill defines qualified converted building as any building if (1) prior to conversion, the building was nonresidential real property which was leased, or available for lease, to office tenants; (2) the building has been substantially converted from an office use to a residential, retail, or other commercial use; (3) the building was initially placed in service at least 25 years prior to the beginning of the conversion, and (4) straight line depreciation is allowable with respect to the building.

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

Revitalizing Downtowns Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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

Officials and money

Sponsor: Rep. Gomez, Jimmy [D-CA-34] · 30 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

John B. Larson (D-CT), Terri A. Sewell (D-AL), Donald S. Beyer, Jr. (D-VA), Jahana Hayes (D-CT), Kweisi Mfume (D-MD), Scott H. Peters (D-CA), Jimmy Panetta (D-CA), Brad Sherman (D-CA), Janice D. Schakowsky (D-IL), Mike Levin (D-CA), Josh Gottheimer (D-NJ), Robin L. Kelly (D-IL), Danny K. Davis (D-IL), Dwight Evans (D-PA), Pete Aguilar (D-CA), Vicente Gonzalez (D-TX), Raja Krishnamoorthi (D-IL), Jared Huffman (D-CA), Shontel M. Brown (D-OH), Madeleine Dean (D-PA)

Sponsor's campaign money: Rep. Gomez, Jimmy [D-CA-34] reported raising $1.3 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 (1)
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).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr4759 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117