Historic Tax Credit Growth and Opportunity Act of 2025 amends the Internal Revenue Code to enhance the historic rehabilitation tax credit.

The Historic Tax Credit Growth and Opportunity Act of 2025 amends the Internal Revenue Code to improve the historic rehabilitation tax credit. It allows a full credit in the year the building is placed in service, increases the credit for certain small projects, and modifies rules for tax-exempt use property. The bill also expands the types of buildings eligible for rehabilitation and eliminates the basis adjustment for the rehabilitation credit. These changes apply to property placed in service after the enactment date.

Historic Tax Credit Growth and Opportunity Act of 2025 amends the Internal Revenue Code to enhance the historic rehabilitation tax credit.

The Historic Tax Credit Growth and Opportunity Act of 2025 amends the Internal Revenue Code to improve the historic rehabilitation tax credit. It allows a full credit in the year the building is placed in service, increases the credit for certain small projects, and modifies rules for tax-exempt use property. The bill also expands the types of buildings eligible for rehabilitation and eliminates the basis adjustment for the rehabilitation credit. These changes apply to property placed in service after the enactment date.