Rehabilitation of Historic Schools Act of 2026

TL;DR (AI)

• The bill allows rehabilitation expenditures for public school buildings to qualify for rehabilitation credit under the Internal Revenue Code of 1986.
• The amendment excludes the rehabilitation of qualified public educational facilities from certain limitations, provided they meet specific criteria and are used as educational facilities before and after rehabilitation.
• The Secretary of the Treasury is required to report to Congress within 5 years of the Act's enactment on the effects of the amendment, including data on rehabilitated facilities, student usage, and expenditures.