,,ii  #aacth ,,congress  #ast ,session  
,s4 #adba  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjac ,mr4 ,leahy introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to provide a    
refundable tax credit for the           
installation of sprinklers and elevators
 in historic structures4  #a4 ,short    
title ,this ,act may be cited as the    
,historic ,downtown ,preservation and   
,access ,act4  #b4 ,credit for          
installation of sprinklers and elevators
 in historic buildings  7a7 ,in general 
,subpart ,c of part ,,iv of subchapter  
,a of chapter #a of the ,internal       
,revenue ,code of #aihf is amended by   
inserting after section #cf;,b the      
following new section3  #cf;,c4         
,historic building expenses  7a7 ,in    
general ,there shall be allowed a credit
 against the tax imposed by this        
subtitle for the taxable year an amount 

equal to #ej percent of the qualified   
historic building expenses paid or      
incurred by the taxpayer during such    
taxable year4  7b7 ,limitation ,the     
credit allowed under subsection 7a7 with
 respect to any taxpayer for any taxable
 year shall not exceed #ej1jjj4  7c7    
,qualified historic building expenses   
,for purposes of this section--  7#a7   
,in general ,the term qualified historic
 building expenses means amounts paid or
 incurred to install in a certified     
historic structure an elevator system or
 a sprinkler system that meets the      
requirements found in the most recent   
edition of ,,nfpa #ac3 ,standard for the
 ,installation of ,sprinkler ,systems4  
7#b7 ,national historic landmarks ,in   
the case of a certified historic        
structure that is designated as a       
,national ,historic ,landmark in        
accordance with section #aja7;a7 of the 
,national ,historic ,preservation ,act  
7#af ,u4,s4,c4 #dgj;a7a77 and that is   
open to the public1 the term qualified  

historic building expenses shall not    
include an expense described in         
paragraph 7#a71 unless the installation 
of property described in such paragraph 
meets the requirements for a certified  
rehabilitation under section            
#dg7;c77#b77;,c74  7#c7 ,certified      
historic structure ,the term certified  
historic structure has the meaning given
 such term in section #dg7;c77#c71      
except that such term shall not include 
any structure which is a single-family  
residence4  4  7b7 ,conforming          
amendments  7#a7 ,section #acbd of title
 #ca1 ,united ,states ,code1 is amended 
by inserting 1 #cf;,c after 1 #cf;,b4   
7#b7 ,the table of sections for subpart 
,c of part ,,iv of subchapter ,a of     
chapter #a of the ,internal ,revenue    
,code of #aihf is amended by inserting  
after the item relating to section      
#cf;,b the following new item3  ,sec4   
#cf;,c4 ,historic building expenses4  4 
7c7 ,effective date ,the amendments made
 by this section shall apply to amounts 

paid or incurred in taxable years       
beginning after the date of the         
enactment of this ,act4