Rehabilitation of Historic Schools Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8501 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 8501

  To amend the Internal Revenue Code of 1986 to allow rehabilitation
expenditures for public school buildings to qualify for rehabilitation
                                credit.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             April 27, 2026

  Mr. Evans of Pennsylvania (for himself, Mr. Davis of Illinois, Ms.
   Moore of Wisconsin, Ms. Norton, Ms. Scanlon, and Ms. Schakowsky)
 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 allow rehabilitation
expenditures for public school buildings to qualify for rehabilitation
                                credit.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Rehabilitation of Historic Schools
Act of 2026''.

SEC. 2. QUALIFICATION OF REHABILITATION EXPENDITURES FOR PUBLIC SCHOOL
              BUILDINGS FOR REHABILITATION CREDIT.

    (a) In General.--Section 47(c)(2)(B)(v) of the Internal Revenue
Code of 1986 is amended by adding at the end the following new
subclause:
                                    ``(III) Clause not to apply to
                                public schools.--This clause shall not
                                apply in the case of the rehabilitation
                                of any building which was used as a
                                qualified public educational facility
                                (as defined in section 142(k)(1),
                                determined without regard to
                                subparagraph (B) thereof) at any time
                                during the 5-year period ending on the
                                date that such rehabilitation begins
                                and which is used as such a facility
                                immediately after such
                                rehabilitation.''.
    (b) Report.--Not later than the date which is 5 years after the
date of the enactment of this Act, the Secretary of the Treasury, after
consultation with the heads of appropriate Federal agencies, shall
report to Congress on the effects resulting from the amendment made by
subsection (a), including--
            (1) the number of qualified public education facilities
        rehabilitated (stated separately with respect to each State)
        and the number of students using such facilities (stated
        separately with respect to each such State),
            (2) the number of qualified public education facilities
        rehabilitated in low income communities (as section 45D(e)(1)
        of the Internal Revenue Code of 1986) and the number of
        students using such facilities,
            (3) the amount of qualified rehabilitation expenditures for
        each qualified public education facility rehabilitated, and
            (4) and any other data determined by the Secretary to be
        useful in evaluating the impact of such amendment.
    (c) Effective Date.--The amendment made by this section shall apply
to property placed in service after the date of the enactment of this
Act.
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