summary
Introduced
06/23/2021
06/23/2021
In Committee
06/23/2021
06/23/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to allow reha- bilitation expenditures for public school buildings to qual- ify for rehabilitation credit.
AI Summary
This bill, the Rehabilitation of Historic Schools Act of 2021, amends the Internal Revenue Code to allow rehabilitation expenditures for public school buildings to qualify for the rehabilitation tax credit. Specifically, it exempts public schools from a provision that otherwise excludes certain tax-exempt use property from qualifying for the credit. The bill also requires the Secretary of the Treasury to report to Congress on the effects of this change within five years of the bill's enactment. The amendment would apply to property placed in service after the date of the bill's enactment.
Committee Categories
Budget and Finance
Sponsors (11)
Dwight Evans (D)*,
André Carson (D),
Steve Cohen (D),
Danny Davis (D),
Sheila Jackson-Lee (D),
Marcy Kaptur (D),
Donald McEachin (D),
Gwen Moore (D),
Eleanor Holmes Norton (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Last Action
Referred to the House Committee on Ways and Means. (on 06/23/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4086/all-info |
| BillText | https://www.congress.gov/117/bills/hr4086/BILLS-117hr4086ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr4086/BILLS-117hr4086ih.pdf.pdf |
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