118th Congress · HOUSE BILLBILL

H.R. 5882 — To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit to allow such credit to be taken in one taxable year.

“To amend the Internal Revenue Code of 1986 to modify the rehabilitation credit to allow such credit to be taken in one taxable year.”

Taxation

Introduced Oct 3, 2023

Last action Oct 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 3, 2023

Step 2

Referred

Oct 25, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows the full amount of the 20% rehabilitation tax credit to be taken in one taxable year (currently, spread over five years).

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Oct 25, 2023

Referred to the House Committee on Ways and Means.

Oct 3, 2023

Introduced in House