I 
111TH CONGRESS 
1ST SESSION H. R. 3670 
To amend the Internal Revenue Code of 1986 to expand the incentives 
for the rehabilitation of older buildings, including owner-occupied residences. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 29, 2009 
Mr. CARNAHAN (for himself, Mr. TURNER, Ms. SCHWARTZ, Ms. BERKLEY, 
Mr. CROWLEY, Mr. HINCHEY, Mr. LANGEVIN, Mr. COHEN, Mr. VAN 
HOLLEN, Mr. SKELTON, Mr. BLUMENAUER, Mr. CAPUANO, Mr. 
DELAHUNT, Mr. CLAY, Mr. CLEAVER, Mr. BRALEY of Iowa, Mr. 
LOEBSACK, Mr. RYAN of Ohio, Mr. HOLT, Mr. BOUCHER, Mr. KENNEDY, 
Mr. GONZALEZ, Mr. GORDON of Tennessee, Mr. BOSWELL, and Mr. HIG-
GINS) introduced the following bill; which was referred to the Committee 
on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to expand 
the incentives for the rehabilitation of older buildings, 
including owner-occupied residences. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Historic Homeowners 
Revitalization Act of 2009’’. 
VerDate Nov 24 2008 
05:21 Sep 30, 2009
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H3670.IH
H3670
rfrederick on DSKD9S0YB1PROD with BILLS
SEC. 
2. 
HISTORIC 
HOMEOWNERSHIP 
REHABILITATION 
CREDIT. 
(a) IN GENERAL.—Subpart A of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 (relating to nonrefundable personal credits) is 
amended by inserting after section 25D the following new 
section: 
‘‘SEC. 25E. HISTORIC HOMEOWNERSHIP REHABILITATION 
CREDIT. 
‘‘(a) GENERAL RULE.—In the case of an individual, 
there shall be allowed as a credit against the tax imposed 
by this chapter for the taxable year an amount equal to 
20 percent of the qualified rehabilitation expenditures 
made by the taxpayer with respect to a qualified historic 
home. 
‘‘(b) DOLLAR LIMITATION.—The credit allowed by 
subsection (a) with respect to any residence of a taxpayer 
shall not exceed $60,000 ($30,000 in the case of a married 
individual filing a separate return). 
‘‘(c) QUALIFIED REHABILITATION EXPENDITURE.— 
For purposes of this section— 
‘‘(1) IN GENERAL.—The term ‘qualified reha-
bilitation expenditure’ means any amount properly 
chargeable to capital account— 
‘‘(A) in connection with the certified reha-
bilitation of a qualified historic home, and 
VerDate Nov 24 2008 
05:21 Sep 30, 2009
Jkt 079200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H3670.IH
H3670
rfrederick on DSKD9S0YB1PROD with BILLS
‘‘(B) for property for which depreciation 
would be allowable under section 168 if the 
qualified historic home were used in a trade or 
business. 
‘‘(2) 
CERTAIN
EXPENDITURES
NOT
IN-
CLUDED.— 
‘‘(A) EXTERIOR.—Such term shall not in-
clude any expenditure in connection with the re-
habilitation of a building unless at least 5 per-
cent of the total expenditures made in the reha-
bilitation process are allocable to the rehabilita-
tion of the exterior of such building. 
‘‘(B) OTHER
RULES
TO
APPLY.—Rules 
similar to the rules of clauses (ii) and (iii) of 
section 47(c)(2)(B) shall apply. 
‘‘(3) MIXED USE OR MULTIFAMILY BUILDING.— 
If only a portion of a building is used as the prin-
cipal residence of the taxpayer, only qualified reha-
bilitation expenditures which are properly allocable 
to such portion shall be taken into account under 
this section. 
‘‘(d) CERTIFIED REHABILITATION.—For purposes of 
this section, the term ‘certified rehabilitation’ has the 
meaning given such term by section 47(c)(2)(C). 
VerDate Nov 24 2008 
05:21 Sep 30, 2009
Jkt 079200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H3670.IH
H3670
rfrederick on DSKD9S0YB1PROD with BILLS
‘‘(e) DEFINITIONS AND SPECIAL RULES.—For pur-
poses of this section— 
‘‘(1) QUALIFIED
HISTORIC
HOME.—The term 
‘qualified historic home’ means a certified historic 
structure— 
‘‘(A) which has been substantially rehabili-
tated, and 
‘‘(B) which (or any portion of which)— 
‘‘(i) is owned by the taxpayer, and 
‘‘(ii) is used (or will, within a reason-
able period, be used) by such taxpayer as 
his principal residence. 
‘‘(2) SUBSTANTIALLY
REHABILITATED.—The 
term ‘substantially rehabilitated’ has the meaning 
given such term by section 47(c)(1)(C). 
‘‘(3) PRINCIPAL RESIDENCE.—The term ‘prin-
cipal residence’ has the same meaning as when used 
in section 121. 
‘‘(4) CERTIFIED HISTORIC STRUCTURE.— 
‘‘(A) IN
GENERAL.—The term ‘certified 
historic structure’ means any building (and its 
structural components) which— 
‘‘(i) is listed in the National Register, 
or 
VerDate Nov 24 2008 
05:21 Sep 30, 2009
Jkt 079200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H3670.IH
H3670
rfrederick on DSKD9S0YB1PROD with BILLS