In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Medicare Spending Transparency Act 
of 2011''.

SEC. 2. PUBLIC AVAILABILITY OF AGGREGATE DATA ON MEDICARE PROVIDERS OF 
              SERVICES AND SUPPLIERS.

    (a) Purpose.--The purpose of this section is to make aggregate 
information about providers of services and suppliers under the 
Medicare program under title XVIII of the Social Security Act (42 
U.S.C. 1395 et seq.) publicly available and to provide a new level of 
transparency in such program.
    (b) Public Availability.--Section 1128J of the Social Security Act 
(42 U.S.C. 1320a-7k) is amended by adding at the end the following new 
subsection:
    ``(f) Public Availability of Certain Medicare Data.--
            ``(1) In general.--The Secretary shall, to the extent 
        consistent with applicable information, privacy, security, and 
        disclosure laws, including the regulations promulgated under 
        the Health Insurance Portability and Accountability Act of 1996 
        and section 552a of title 5, United States Code, make available 
        to the public on the Internet website of the Centers for 
        Medicare & Medicaid Services the following data with respect to 
        title XVIII:
                    ``(A) A complete list of the providers of services 
                and suppliers participating in the program under such 
                title, including the business address of such providers 
                of services and suppliers.
                    ``(B) Aggregate information about each such 
                provider of services and supplier, including--
                            ``(i) the total number of individuals 
                        furnished items or services by the provider of 
                        services or supplier for which payment was made 
                        under such title during the preceding year;
                            ``(ii) the number of unique patient 
                        encounters conducted by the provider of 
                        services or supplier for which payment was made 
                        under such title during the preceding year;
                            ``(iii) the average number of codes billed 
                        under such title by the provider of services of 
                        supplier per patient encounter during the 
                        preceding year;
                            ``(iv) the total amount paid to such 
                        provider of services or supplier under such 
                        title during the preceding year;
                            ``(v) the top 50 billing codes on claims 
                        paid under such title to the provider of 
                        services or supplier during the preceding year, 
                        as determined by volume, including a 
                        description of such codes;
                            ``(vi) the top 50 billing codes on such 
                        claims paid during such year, as determined by 
                        dollar amount, including a description of such 
                        codes; and
                            ``(vii) the top 50 diagnosis and procedure 
                        code pairs on such claims paid during such 
                        year, as determined by volume, including a 
                        description of such codes.
            ``(2) Implementation.--Not later than 1 year after the date 
        of enactment of the Medicare Spending Transparency Act of 2011, 
        the Secretary shall promulgate regulations to carry out this 
        subsection.''.

SEC. 3. ACCESS TO MEDICARE CLAIMS AND PAYMENT DATA BY QUALIFIED 
              INDIVIDUALS AND GROUPS.

    (a) Purpose.--The purpose of this section is to allow qualified 
individuals and groups access to information on claims and payment data 
under the Medicare program for purposes of conducting health research 
and detecting fraud under such program.
    (b) Access to Medicare Claims and Payment Data by Qualified 
Individuals and Groups.--Section 1128J of the Social Security Act (42 
U.S.C. 1320a-7k), as amended by section 2, is amended by adding at the 
end the following new subsection:
    ``(g) Access to Medicare Claims and Payment Data by Qualified 
Individuals and Groups.--
            ``(1) In general.--For purposes of conducting health 
        research and detecting fraud under title XVIII, and to the 
        extent consistent with applicable information, privacy, 
        security, and disclosure laws, including the regulations 
        promulgated under the Health Insurance Portability and 
        Accountability Act of 1996 and section 552a of title 5, United 
        States Code, and subject to any information systems security 
        requirements under such laws or otherwise required by the 
        Secretary, a qualified individual or group shall have access to 
        claims and payment data of the Department of Health and Human 
        Services and its contractors related to title XVIII. 
        Notwithstanding any other provision of law, such data shall 
        include the identity of individual providers of services and 
        suppliers under such title.
            ``(2) Definition of qualified individual or group.--
                    ``(A) In general.--In this subsection, the term 
                `qualified individual or group' means an individual or 
                entity that the Secretary has determined, in accordance 
                with subparagraph (B), has relevant experience, 
                knowledge, and technical expertise in medicine, 
                statistics, health care billing, practice patterns, 
                health care fraud detection, and analysis to use data 
                provided to the individual or the entity under this 
                subsection in an appropriate, responsible, and ethical 
                manner and for the purposes described in paragraph (1).
                    ``(B) Procedures.--The Secretary shall establish 
                procedures for determining, in a timely manner, whether 
                an individual or entity is a qualified individual or 
                group.
            ``(3) Procedures.--The Secretary shall establish procedures 
        for the storage and use of data provided to a qualified 
        individual or group under this subsection. Such procedures 
        shall ensure that, in the case where the qualified individual 
        or group publishes an analysis of such data (or any analysis 
        using such data), the qualified individual or group discloses 
        the following information (in a form and manner, and at a time, 
        specified by the Secretary):
                    ``(A) The name of the qualified individual or 
                group.
                    ``(B) The sources of any funding for the qualified 
                individual or group.
                    ``(C) Any employer or other relevant affiliations 
                of the qualified individual or group.
                    ``(D) The data analysis methods used by the 
                qualified individual or group in the analysis 
                involved.''.

Ex Output:
Medicare Spending Transparency Act of 2011 - Amends title XI of the Social Security Act (SSA) to direct the Secretary of Health and Human Services (HHS), consistent with applicable information, privacy, security, and disclosure laws, to make public on the Internet website of the Centers for Medicare and Medicaid Services the following data with respect to SSA title XVIII (Medicare): (1) a complete list of service providers and suppliers participating in the Medicare program, including their business addresses; and (2) certain aggregate information about each provider and supplier.

Entitles a qualified individual or group, for health research and fraud detection purposes, to access to Medicare claims and payment data of both HHS and its contractors. Directs the Secretary to establish procedures for the storage and use of data provided to such an individual or group.


Ex Input:
TITLE I--OVERTIME RIGHTS PROTECTION

SEC. 101. CLARIFICATION OF REGULATIONS RELATING TO OVERTIME 
              COMPENSATION.

    Section 13 of the Fair Labor Standards Act of 1938 (29 U.S.C. 213) 
is amended by adding at the end the following:
    ``(k)(1) Notwithstanding the provisions of subchapter II of chapter 
5 and chapter 7 of title 5, United States Code (commonly referred to as 
the Administrative Procedures Act) or any other provision of law, any 
portion of the final rule promulgated on April 23, 2004, revising part 
541 of title 29, Code of Federal Regulations, that exempts from the 
overtime pay provision of section 7 of this Act any employee who would 
not otherwise be exempt if the regulations in effect on March 31, 2003, 
remained in effect, shall have no force or effect and that portion of 
such regulations (as in effect on March 31, 2003) that would prevent 
such employee from being exempt shall be reinstated.
    ``(2) The Secretary shall adjust the minimum salary level for 
exemption under section 13(a)(1) in the following manner:
            ``(A) Not later than 60 days after the date of enactment of 
        this subsection, the Secretary shall increase the minimum 
        salary level for exemption under subsection (a)(1) for 
        executive, administrative, and managerial occupations from the 
        level of $155 per week in 1975 to $591 per week (an amount 
        equal to the increase in the Employment Cost Index (published 
        by the Bureau of Labor Statistics) for executive, 
        administrative, and managerial occupations between 1975 and 
        2005).
            ``(B) Not later than December 31 of the calendar year 
        following the increase required in subparagraph (A), and each 
        December 31 thereafter, the Secretary shall increase the 
        minimum salary level for exemption under subsection (a)(1) by 
        an amount equal to the increase in the Employment Cost Index 
        for executive, administrative, and managerial occupations for 
        the year involved.''.

                      TITLE II--FAIR MINIMUM WAGE

SEC. 111. MINIMUM WAGE.

    (a) In General.--Section 6(a)(1) of the Fair Labor Standards Act of 
1938 (29 U.S.C. 206(a)(1)) is amended to read as follows:
            ``(1) except as otherwise provided in this section, not 
        less than--
                    ``(A) $5.85 an hour, beginning on the 60th day 
                after the date of enactment of this paragraph;
                    ``(B) $6.55 an hour, beginning 12 months after that 
                60th day; and
                    ``(C) $7.25 an hour, beginning 24 months after that 
                60th day;''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect 60 days after the date of enactment of this Act.

  TITLE III--SENSE OF THE SENATE REGARDING MULTIEMPLOYER PENSION PLANS

SEC. 121. SENSE OF THE SENATE REGARDING MULTIEMPLOYER PENSION PLANS.

    (a) Findings.--The Senate makes the following findings:
            (1) Multiemployer pension plans have been a major force in 
        the delivery of employee benefits to active and retired 
        American workers and their dependents for over half a century.
            (2) There are approximately 1,700 multiemployer defined 
        benefit pension plans in which approximately 9,700,000 workers 
        and retirees participate.
            (3) Three-quarters of the approximately 60,000 to 65,000 
        employers that participate in multiemployer plans have fewer 
        that 100 employees.
            (4) Multiemployer plans allow for greater access and 
        affordability for smaller employers and pension portability for 
        their employees as they move from one job to another, and 
        permit workers to earn a pension where they might otherwise not 
        be able to do so.
            (5) The 2000-2002 drop in the stock market and decline in 
        equity values has affected all investors, including 
        multiemployer plans.
            (6) The decline in value sustained by multiemployer defined 
        benefit pension plans have threatened the stability of this 
        private sector source of secure retirement income.
            (7) Participating employers could face onerous excise taxes 
        and other penalties as a result of the serious, adverse 
        financial impact due to these market losses.
            (8) In 2004, the United States Senate recognized the 
        severity of this situation and passed by an overwhelmingly, 
        large bipartisan margin of 86 to 9 temporary relief provisions 
        for single and multiemployer defined benefit pension plans.
    (b) Sense of the Senate.--It is the sense of the Senate that the 
Senate--
            (1) expresses its strong support for multiemployer defined 
        benefit pension plans;
            (2) recognizes the importance of an environment in which 
        multiemployer plans can continue their vital role in providing 
        benefits to working men and women;
            (3) recognizes that multiemployer pension plan relief must 
        be designed for the multiemployer labor-relations environment 
        that supports the plans; and
            (4) supports legislation to strengthen and protect the 
        viability of multiemployer pension plans for the continued 
        benefit of current and retired members, and their families and 
        survivors, and to strengthen the ability of all plans to 
        address funding problems that occur.

Ex Output:
Amends the Fair Labor Standards Act of 1938 (FLSA) to deny any force or effect to any portion of a rule promulgated on April 23, 2004, that has the effect of exempting from FLSA overtime compensation requirements (which limit maximum hours at regular compensation) any employee who would not otherwise be exempted if regulations in effect on March 31, 2003, remained in effect. Reinstates that portion of such regulations that would prevent such an employee from being exempt. Directs the Secretary of Labor to increase, in a specified manner, the minimum salary level for the exemption for executive, administrative, and managerial occupations from FLSA overtime compensation requirements.

Amends the FLSA to increase the Federal minimum wage to: (1) $5.85 an hour, beginning on the 60th day after enactment of this Act; (2) $6.55 an hour, beginning 12 months after that 60th day; and (3) $7.25 an hour, beginning 24 months after that 60th day.

Expresses the sense of the Senate regarding multiemployer pension plans.


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Historic Homeownership 
Revitalization Act of 2013''.

SEC. 2. HISTORIC HOME OWNERSHIP REHABILITATION CREDIT.

    (a) In General.--Subpart A of part IV of subchapter 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 HOME OWNERSHIP 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 rehabilitation 
        expenditure' means any amount properly chargeable to capital 
        account--
                    ``(A) in connection with the certified 
                rehabilitation of a qualified historic home, and
                    ``(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 included.--
                    ``(A) Exterior.--Such term shall not include any 
                expenditure in connection with the rehabilitation of a 
                building unless at least 5 percent of the total 
                expenditures made in the rehabilitation process are 
                allocable to the rehabilitation 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 principal residence of the 
        taxpayer, only qualified rehabilitation expenditures which are 
        properly allocable to such portion shall be taken into account 
        under this section.
    ``(d) Certified Rehabilitation.--For purposes of this section--
            ``(1) In general.--The term `certified rehabilitation' has 
        the meaning given such term by section 47(c)(2)(C).
            ``(2) Approved state program.--The term `certified 
        rehabilitation' includes a certification made by--
                    ``(A) a State Historic Preservation Officer who 
                administers a State Historic Preservation Program 
                approved by the Secretary of the Interior pursuant to 
                section 101(b)(1) of the National Historic Preservation 
                Act, or
                    ``(B) a local government, certified pursuant to 
                section 101(c)(1) of the National Historic Preservation 
                Act and authorized by a State Historic Preservation 
                Officer, or the Secretary of the Interior where there 
                is no approved State program, subject to such terms and 
                conditions as may be specified by the Secretary of the 
                Interior for the rehabilitation of buildings within the 
                jurisdiction of such officer (or local government) for 
                purposes of this section.
    ``(e) Definitions and Special Rules.--For purposes of this 
section--
            ``(1) Qualified historic home.--The term `qualified 
        historic home' means a certified historic structure--
                    ``(A) which has been substantially rehabilitated, 
                and
                    ``(B) which (or any portion of which)--
                            ``(i) is owned by the taxpayer, and
                            ``(ii) is used (or will, within a 
                        reasonable 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 `principal residence' 
        has the same meaning as when used in section 121.
            ``(4) Certified historic structure.--The term `certified 
        historic structure' means any building (and its structural 
        components) which--
                    ``(A) is listed in the National Register, or
                    ``(B) is located in a registered historic district 
                (as defined in section 47(c)(3)(B)) and is certified by 
                the Secretary of the Interior as being of historic 
                significance to the district.
            ``(5) Rehabilitation not complete before certification.--A 
        rehabilitation shall not be treated as complete before the date 
        of the certification referred to in subsection (d).
            ``(6) Tenant-stockholder in cooperative housing 
        corporation.--If the taxpayer holds stock as a tenant-
        stockholder (as defined in section 216) in a cooperative 
        housing corporation (as defined in such section), such 
        stockholder shall be treated as owning the house or apartment 
        which the taxpayer is entitled to occupy as such stockholder.
            ``(7) Allocation of expenditures relating to exterior of 
        building containing cooperative or condominium units.--The 
        percentage of the total expenditures made in the rehabilitation 
        of a building containing cooperative or condominium residential 
        units allocated to the rehabilitation of the exterior of the 
        building shall be attributed proportionately to each 
        cooperative or condominium residential unit in such building 
        for which a credit under this section is claimed.
            ``(8) Carryback and carryforward of credit unused by reason 
        of limitation based on tax liability.--
                    ``(A) In general.--If the credit allowable under 
                subsection (a) for any taxable year exceeds the tax 
                limit for such taxable year, such excess shall be a 
                carryback to the preceding taxable year and a 
                carryforward to each of the 3 succeeding taxable years 
                and, subject to the limitations of subparagraph (B), 
                shall be added to the credit allowable by subsection 
                (a) for such preceding or succeeding taxable year, as 
                the case may be.
                    ``(B) Amount carried to each year.--Rules similar 
                to the rules of section 39(a)(2) shall apply for 
                purposes of this paragraph.
                    ``(C) Limitation.--The amount of the unused credit 
                which may be taken into account under subparagraph (A) 
                for any taxable year shall not exceed the amount (if 
                any) by which the tax limit for such taxable year 
                exceeds the sum of--
                            ``(i) the credit allowable under subsection 
                        (a) for such taxable year determined without 
                        regard to this paragraph, and
                            ``(ii) the amounts which, by reason of this 
                        paragraph, are carried to such taxable year and 
                        are attributable to taxable years before the 
                        unused credit year.
                    ``(D) Tax limit.--For purposes of this paragraph, 
                the term `tax limit' means the limitation imposed by 
                section 26(a) for the taxable year reduced by the sum 
                of the credits allowable under this subpart (other than 
                this section).
            ``(9) Credit may be assigned.--The amount of qualified 
        rehabilitation expenditures which would (but for this 
        paragraph) be taken into account under subsection (a) for any 
        taxable year by any person (hereafter in this paragraph 
        referred to as the `initial taxpayer')--
                    ``(A) may be taken into account by any other person 
                to whom such expenditures are assigned by the initial 
                taxpayer, and
                    ``(B) shall not be taken to account by initial 
                taxpayer.
        Any person to whom such expenditures are assigned under 
        subparagraph (A) shall be treated for purposes of this title as 
        the taxpayer with respect to such expenditures.
    ``(f) When Expenditures Taken Into Account.--In the case of a 
building other than a building to which subsection (g) applies, 
qualified rehabilitation expenditures shall be treated for purposes of 
this section as made--
            ``(1) on the date the rehabilitation is completed, or
            ``(2) to the extent provided by the Secretary by 
        regulation, when such expenditures are properly chargeable to 
        capital account.
Regulations under paragraph (2) shall include a rule similar to the 
rule under section 50(a)(2) (relating to recapture if property ceases 
to qualify for progress expenditures).
    ``(g) Allowance of Credit for Purchase of Rehabilitated Historic 
Home.--
            ``(1) In general.--In the case of a qualified purchased 
        historic home, the taxpayer shall be treated as having made (on 
        the date of purchase) the expenditures made by the seller of 
        such home. For purposes of the preceding sentence, expenditures 
        made by the seller shall be deemed to be qualified 
        rehabilitation expenditures if such expenditures, if made by 
        the purchaser, would be qualified rehabilitation expenditures.
            ``(2) Qualified purchased historic home.--For purposes of 
        this subsection, the term `qualified purchased historic home' 
        means any substantially rehabilitated certified historic 
        structure purchased by the taxpayer if--
                    ``(A) the taxpayer is the first purchaser of such 
                structure after the date rehabilitation is completed, 
                and the purchase occurs within 5 years after such date,
                    ``(B) the structure (or a portion thereof) will, 
                within a reasonable period, be the principal residence 
                of the taxpayer,
                    ``(C) no credit was allowed to the seller under 
                this section or section 47 with respect to such 
                rehabilitation, and
                    ``(D) the taxpayer is furnished with such 
                information as the Secretary determines is necessary to 
                determine the credit under this subsection.
    ``(h) Recapture.--
            ``(1) In general.--If, before the end of the 5-year period 
        beginning on the date on which the rehabilitation of the 
        building is completed (or, if subsection (g) applies, the date 
        of purchase of such building by the taxpayer)--
                    ``(A) the taxpayer disposes of such taxpayer's 
                interest in such building, or
                    ``(B) such building ceases to be used as the 
                principal residence of the taxpayer or ceases to be a 
                certified historic structure, the taxpayer's tax 
                imposed by this chapter for the taxable year in which 
                such disposition or cessation occurs shall be increased 
                by the recapture percentage of the credit allowed under 
                this section for all prior taxable years with respect 
                to such rehabilitation.
            ``(2) Recapture percentage.--For purposes of paragraph (1), 
        the recapture percentage shall be determined in accordance with 
        the table under section 50(a)(1)(B), deeming such table to be 
        amended--
                    ``(A) by striking `If the property ceases to be 
                investment credit property within--' and inserting `If 
                the disposition or cessation occurs within--', and
                    ``(B) in clause (i) by striking `One full year 
                after placed in service' and inserting `One full year 
                after the taxpayer becomes entitled to the credit'.
            ``(3) Transfer between spouses or incident to divorce.--In 
        the case of any transfer described in subsection (a) of section 
        1041 (relating to transfers between spouses or incident to 
        divorce)--
                    ``(A) the foregoing provisions of this subsection 
                shall not apply, and
                    ``(B) the same tax treatment under this subsection 
                with respect to the transferred property shall apply to 
                the transferee as would have applied to the transferor.
    ``(i) Basis Adjustments.--For purposes of this subtitle, if a 
credit is allowed under this section for any expenditure with respect 
to any property (including any purchase under subsection (g)), the 
increase in the basis of such property which would (but for this 
subsection) result from such expenditure shall be reduced by the amount 
of the credit so allowed.
    ``(j) Processing Fees.--Any State may impose a fee for the 
processing of applications for the certification of any rehabilitation 
under this section provided that the amount of such fee is used only to 
defray expenses associated with the processing of such applications.
    ``(k) Denial of Double Benefit.--No credit shall be allowed under 
this section for any amount for which credit is allowed under section 
47.
    ``(l) Regulations.--The Secretary shall prescribe such regulations 
as may be appropriate to carry out the purposes of this section, 
including regulations where less than all of a building is used as a 
principal residence and where more than 1 taxpayer use the same 
dwelling unit as their principal residence.''.
    (b) Conforming Amendments.--
            (1)(A) Subparagraph (C) of section 25(e)(1) of such Code is 
        amended by inserting ``25E,'' after ``sections 25D,''.
            (B) Section 25D(c) of such Code is amended by inserting 
        ``and section 25E'' after ``(other than this section''.
            (C) Section 1400C(d) of such Code is amended by striking 
        ``section 25D'' and inserting ``sections 25D and 25E''.
            (2) Subsection (a) of section 1016 of such Code is amended 
        by striking ``and'' at the end of paragraph (36), by striking 
        the period at the end of paragraph (37) and inserting ``, 
        and'', and by adding at the end the following new item:
            ``(38) to the extent provided in section 25E(i).''.
    (c) Clerical Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after the item relating to section 25D the following new 
item:

``Sec. 25E. Historic home ownership rehabilitation credit.''.
    (d) Effective Date.--The amendments made by this section shall 
apply with respect to rehabilitations the physical work on which begins 
after the date of enactment of this Act.

SEC. 3. EXPANSION OF INCENTIVES FOR BUILDING REHABILITATION.

    (a) Increase in Rehabilitation Credit for Buildings in High Cost 
Areas.--Paragraph (2) of subsection 47(c) of such Code (defining 
qualified rehabilitation expenditures) is amended by adding at the end 
the following new subparagraph:
                    ``(E) Increase in credit for buildings in high cost 
                areas.--In the case of any qualified rehabilitated 
                building which is residential rental property (as 
                defined in subparagraph (D)) located in a qualified 
                census tract or difficult development area which is 
                designated for purposes of section 42(d)(5)(C), the 
                qualified rehabilitation expenditures taken into 
                account under this section shall be 130 percent of such 
                expenditures determined without regard to this 
                subparagraph.''.
    (b) Rehabilitation Credit May Be Transferred.--
            (1) In general.--Subsection (b) of section 47 of such Code 
        (relating to when expenditures taken into account) is amended 
        by adding at the end the following new paragraph:
            ``(3) Credit may be assigned.--The amount of qualified 
        rehabilitation expenditures with respect to property described 
        in which would (but for this paragraph) be taken into account 
        under subsection (a) for any taxable year by any person 
        (hereafter in this paragraph referred to as the `initial 
        taxpayer')--
                    ``(A) may be taken into account by any other person 
                to whom such expenditures are assigned by the initial 
                taxpayer, and
                    ``(B) shall not be taken to account by initial 
                taxpayer.
        Any person to whom such expenditures are assigned under 
        subparagraph (A) shall be treated for purposes of this title as 
        the taxpayer with respect to such expenditures.''.
            (2) Conforming amendment.--The heading for such subsection 
        (b) is amended by inserting ``; Eligibility for Credit May Be 
        Assigned'' after ``Account''.
    (c) Applicability to Buildings Held for Sale.--
            (1) In general.--
                    (A) Clause (iv) of section 47(c)(1)(A) of such Code 
                is amended to read as follows:
                            ``(iv) depreciation (or amortization in 
                        lieu of depreciation)--
                                    ``(I) is allowable with respect to 
                                such building, or
                                    ``(II) in the case of a residential 
                                property, would be allowable with 
                                respect to such building but for the 
                                building being held for sale.''.
                    (B) Paragraph (2) of section 47(c) of such Code is 
                amended by adding at the end the following new 
                subparagraph:
                    ``(E) Special rule for certain property held for 
                sale.--For purposes of this paragraph, in the case of a 
                qualified rehabilitated building described in paragraph 
                (1)(A)(iv)(II), such building shall be treated as owned 
                by the taxpayer as rental property with respect to 
                which the straight line depreciation method is used 
                over a recovery period determined under subsection (c) 
                or (g) of section 168.''.
            (2) Conforming amendment.--Paragraph (4) of section 50(a) 
        of such Code is amended by striking ``or'' at the end of 
        subparagraph (A), but striking the period at the end of 
        subparagraph (B) and inserting ``, or'', and by inserting after 
        subparagraph (B) the following new subparagraph:
                    ``(C) property described in section 
                47(c)(1)(A)(iv)(II) that has not otherwise ceased to be 
                investment property.''.
    (d) Effective Date.--The amendments made by this section shall 
apply with respect to rehabilitations the physical work on which begins 
after the date of enactment of this Act.

Ex Output:

Historic Homeownership Revitalization Act of 2013 - Amends the Internal Revenue Code to: (1) allow a new tax credit for 20% of rehabilitation expenditures for a historic home used as a principal residence, up to $60,000; and (2) increase the rehabilitation tax credit for residential rental property located in economically distressed areas with high construction costs.