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H.R. 1785: Historic Tax Credit Growth and Opportunity Act of 2023

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H.R. 1785: Historic Tax Credit Growth and Opportunity Act of 2023

118th Congress · introduced 2023-03-24 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2023-03-24 · official record
  2. Who proposed it: Rep. LaHood, Darin [R-IL-16] · 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

Historic Tax Credit Growth and Opportunity Act of 2023

Plain summary

Historic Tax Credit Growth and Opportunity Act of 2023 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, 2020, and before January 1, 2028, 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 2023

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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

Officials and money

Sponsor: Rep. LaHood, Darin [R-IL-16] · 68 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mike Kelly (R-PA), Terri A. Sewell (D-AL), Michael R. Turner (R-OH), David Kustoff (R-TN), Lloyd Doggett (D-TX), Deborah K. Ross (D-NC), Adam Smith (D-WA), Claudia Tenney (R-NY), Bradley Scott Schneider (D-IL), Mike Carey (R-OH), Marie Gluesenkamp Perez (D-WA), Don Bacon (R-NE), Stacey E. Plaskett (D-VI), Lloyd Smucker (R-PA), Richard Hudson (R-NC), Marcy Kaptur (D-OH), Troy A. Carter (D-LA), Jimmy Gomez (D-CA), Trent Kelly (R-MS), Dwight Evans (D-PA), Brad Finstad (R-MN), Betty McCollum (D-MN), Gwen Moore (D-WI), Steve Cohen (D-TN), Ann Wagner (R-MO), Glenn Thompson (R-PA), Mike Flood (R-NE), Chellie Pingree (D-ME), Donald S. Beyer, Jr. (D-VA), Earl L. "Buddy" Carter (R-GA), Paul Tonko (D-NY), Robin L. Kelly (D-IL), Suzan K. DelBene (D-WA), Carol D. Miller (R-WV), Brian K. Fitzpatrick (R-PA), Jonathan L. Jackson (D-IL), Sharice Davids (D-KS), Delia C. Ramirez (D-IL), Raja Krishnamoorthi (D-IL), Lizzie Fletcher (D-TX), Thomas H. Kean, Jr. (R-NJ), Rudy Yakym III (R-IN), Emanuel Cleaver (D-MO), Mark E. Amodei (R-NV), Bonnie Watson Coleman (D-NJ), Ilhan Omar (D-MN), Donald G. Davis (D-NC), Frank Pallone, Jr. (D-NJ), Gabe Amo (D-RI), Danny K. Davis (D-IL), Josh Gottheimer (D-NJ) and 8 more.

Sponsor's campaign money: Rep. LaHood, Darin [R-IL-16] reported raising $4.2 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 (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

Record fed-us-cong118-hr1785 · catalog fed-us-congress-bills-cong118 · updated 2026-11-15 by psicol fed-bills-cong118