summary
Introduced
09/29/2021
09/29/2021
In Committee
09/29/2021
09/29/2021
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 School Infrastructure Modernization Act of 2021, proposes to amend the Internal Revenue Code to allow rehabilitation expenditures for public school buildings to qualify for the rehabilitation tax credit. This change would make it easier for public schools to access the rehabilitation credit, which can provide financial incentives for renovating and upgrading aging school facilities. The bill also requires the Secretary of the Treasury to report to Congress after 5 years on the impacts of this change, including the number of public schools rehabilitated, the number of students using the upgraded facilities, and the total rehabilitation expenditures.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6781) (on 09/29/2021)
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/senate-bill/2883/all-info |
| BillText | https://www.congress.gov/117/bills/s2883/BILLS-117s2883is.pdf |
| Bill | https://www.congress.gov/117/bills/s2883/BILLS-117s2883is.pdf.pdf |
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