CONGRESS FOR VOTERS

Darin LaHood (R-IL)

Historic Tax Credit Growth and Opportunity Act of 2025

H.R. 2941 · House bill Taxation

A Republican bill with 45 Democratic cosponsors · See all 57 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This legislation is known as the Historic Tax Credit Growth and Opportunity Act of 2025. It amends the Internal Revenue Code of 1986 to improve the historic rehabilitation tax credit. The bill allows the full credit in the year a building is placed in service. It also increases the rehabilitation credit for certain small projects. Additionally, the bill increases the types of buildings eligible for rehabilitation and eliminates the rehabilitation credit basis adjustment. Finally, it makes modifications regarding certain tax-exempt use property.

Yes· 3 of 10

  • Scored +5

    Does this make it easier to run a small business?

    Small projects receive a higher tax credit of 30 percent to support local redevelopment efforts.

  • Scored +5

    Would business owners be better off under this?

    The increased credit and transferability provides significant incentives for small business developers.

  • Scored +4

    Does this cut taxes for small businesses?

    The bill increases the tax credit for small projects, effectively reducing the tax burden on small-scale rehabilitation investments.

The opposite

No question was scored the opposite.