Historic Tax Credit Growth and Opportunity Act of 2025
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands a tax credit provision: 1. Short title This Act may be cited as the Historic Tax Credit Growth and Opportunity Act of 2025, adds or tightens a compliance mandate provision: 2. Full credit allowed in the year building placed in service Section 47(a) of the Internal Revenue Code of 1986 is amended to read as follows: For purposes of section, and expands a tax deduction, reporting req, compliance mandate provision: 3. It relies on compliance mandates, tax credits, tax deductions, and reporting requirements. The main policy areas are Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a tax credit provision: 1. Short title This Act may be cited as the Historic Tax Credit Growth and Opportunity Act of 2025.
- Adds or tightens a compliance mandate provision: 2. Full credit allowed in the year building placed in service Section 47(a) of the Internal Revenue Code of 1986 is amended to read as follows: For purposes of section...
- Expands a tax deduction, reporting req, compliance mandate provision: 3.
- Adds or tightens a compliance mandate provision: 5. Elimination of rehabilitation credit basis adjustment Section 50(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph...
- Requires loosens a compliance mandate, exemption, definition change provision: 6.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a tax credit provision: 1. Short title This Act may be cited as the Historic Tax Credit Growth and Opportunity Act of 2025, adds or tightens a compliance mandate provision: 2. Full credit allowed in the year building placed in service Section 47(a) of the Internal Revenue Code of 1986 is amended to read as follows: For purposes of section, and expands a tax deduction, reporting req, compliance mandate provision: 3.
Key Policy Areas
Finance
Primary Purpose
The bill expands a tax credit provision: 1. Short title This Act may be cited as the Historic Tax Credit Growth and Opportunity Act of 2025, adds or tightens a compliance mandate provision: 2. Full credit allowed in the year building placed in service Section 47(a) of the Internal Revenue Code of 1986 is amended to read as follows: For purposes of section, and expands a tax deduction, reporting req, compliance mandate provision: 3.
Policy Domains
Sponsors
Legislative Progress
In CommitteeMr. Cassidy (for himself, Mr. Warner, Ms. Collins, and Ms. …
Read twice and referred to the Committee on Finance.
Introduced in Senate
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology