H.R. 8501

[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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