REV-27 REDUCE TAX CREDITS FOR REHABILITATING OLDER BUILDINGS

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Repeal Credit for
Nonhistoric Struc-
tures and Reduce
Credit for Historic
Structures to
15 Percent             0.1      0.1       0.1      0.1      0.1        0.4

Repeal Both Credits    0.1      0.1       0.2      0.2      0.2        0.8
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SOURCE:  Joint Committee on Taxation.

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