Provides for credit from income tax for eligible costs and expenses incurred during the rehabilitation of certain residential structures in storm impacted or economically depressed areas. (8/15/11)
Extends applicability of the tax credit for the rehabilitation of certain residential structures and extends the tax credit to rehabilitated residential structures located in a federal designated HUBZone (OR DECREASE GF RV See Note)
Increases the amount of the tax credit for the rehabilitation of certain residential structures and extends the taxable periods in which the tax credit applies (EN DECREASE GF RV See Note)