Allows rehabilitation expenditures for public school buildings to qualify for rehabilitation credit.
The Rehabilitation of Historic Schools Act of 2026 amends the Internal Revenue Code to allow rehabilitation expenditures for public school buildings to qualify for rehabilitation credit. The bill requires a report to Congress five years after enactment detailing the effects of this amendment, including the number of rehabilitated facilities and students affected. The amendment applies to property placed in service after the enactment date.
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