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