Bill Cassidy (R-LA)
Historic Tax Credit Growth and Opportunity Act of 2025
A Republican bill with 6 Democratic cosponsors · See all 13 cosponsors
Last activity — Read twice and referred to the Committee on Finance.
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
- Introduced
- In Committee
What this bill would do
The Historic Tax Credit Growth and Opportunity Act of 2025 aims to amend the Internal Revenue Code of 1986 regarding historic rehabilitation credits. It establishes a general rule where the credit is 20 percent of qualified rehabilitation expenditures. For certain small projects, the credit rate increases to 30 percent, with higher expenditure limits allowed for rural areas. The bill also allows for the transfer of these credits for qualifying small projects. Additionally, it modifies the types of buildings eligible for rehabilitation and eliminates certain basis adjustments.
Yes· 3 of 8
- Scored +5
Does this make it easier to run a small business?
The bill specifically increases credit rates and expenditure limits for small projects.
- Scored +5
Would people in rural areas be better off under this?
The bill specifically increases the maximum allowed expenditures for projects located in rural areas.
- Scored +4
Would business owners be better off under this?
The bill provides more significant tax incentives for small business owners engaging in historic rehabilitation.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Credit for Small Projects: Under Section 3, qualifying small projects can receive a higher credit rate of 30 percent instead of the standard 20 percent, provided expenditures do not exceed $3,750,000 (Section 3(a)(1)(B)).
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Benefits for Rural Areas: Section 3(a)(3) increases the maximum allowed qualified rehabilitation expenditures for projects located in rural areas from $3,750,000 to $5,000,000.
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Credit Transferability: Section 3(a)(1)(C) allows taxpayers of qualifying small projects to transfer all or a portion of their determined credit to a transferee.
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Expanded Building Eligibility: Section 4 amends the code to include "50 percent of" the adjusted basis for certain eligible buildings.
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Elimination of Basis Adjustments: Section 5 amends the code to ensure that the basis adjustment requirements of section 50(c)(1) do not apply to the rehabilitation credit.
Potential Negative Impacts for People
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Transfer Restrictions: Under Section 3(a)(4)(A), taxpayers transferring credits must comply with specific certification requirements, including providing the name, address, and tax identification number of both the transferor and the transferee, along with the amount of credit being transferred.
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Reporting Obligations: Section 3(a)(4)(D) requires both the transferor and the transferee to make reports regarding the transfer of the credit as required by the Secretary.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The bill specifically increases credit rates and expenditure limits for small projects. Does this cut taxes for small businesses? — The bill increases tax credits for small project developers, effectively reducing their tax burden. Is this likely to grow the economy? — By incentivizing historic preservation, the bill promotes local economic activity through redevelopment. Is this likely to create jobs? — Increased tax credits for historic rehabilitation may stimulate construction and development jobs.
- Demographic And Interest Groups
- Would people in rural areas be better off under this? — The bill specifically increases the maximum allowed expenditures for projects located in rural areas. Would business owners be better off under this? — The bill provides more significant tax incentives for small business owners engaging in historic rehabilitation.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — The bill increases the expenditure cap for qualifying projects specifically in rural areas.
- Social Issues And Justice
- Does this make housing cost less? — Increased credits for rehabilitation may support the development of housing in historic structures.
- 6/23/2026
- 1 Cosponsor added.
- 6/22/2026
- 1 Cosponsor added.
- 6/15/2026
- 2 Cosponsors added.
- 3/3/2026
- 1 Cosponsor added.
- 2/24/2026
- 1 Cosponsor added.
- 6/2/2025
- 2 Cosponsors added.
- 5/8/2025
- 1 Cosponsor added.
- 5/6/2025
- 1 Cosponsor added.
- 4/10/2025
- Read twice and referred to the Committee on Finance.
- 3 Cosponsors added.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Angela AlsobrooksDemocrat · Maryland
Jim BanksRepublican · Indiana
Maria CantwellDemocrat · Washington
Susan CollinsRepublican · Maine
Shelley CapitoRepublican · West Virginia
Cindy Hyde-SmithRepublican · Mississippi
James JusticeRepublican · West Virginia
Amy KlobucharDemocrat · Minnesota
Angus KingIndependent · Maine
Tina SmithDemocrat · Minnesota
Sheldon WhitehouseDemocrat · Rhode Island
Mark WarnerDemocrat · Virginia
Todd YoungRepublican · Indiana