United States HR 3181: Rehabilitation of Historic Schools Act of 2023

Bill Text

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118TH CONGRESS
1ST SESSION H. R. 3181
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
MAY 10, 2023
Mr. EVANS (for himself, Ms. NORTON, Mr. DAVIS of Illinois, Mr. COHEN, 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 reha-
bilitation expenditures for public school buildings to qual-
ify for rehabilitation credit.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Rehabilitation of His-4
toric Schools Act of 2023’’. 5
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•HR 3181 IH
SEC. 2. QUALIFICATION OF REHABILITATION EXPENDI-1
TURES FOR PUBLIC SCHOOL BUILDINGS FOR 2
REHABILITATION CREDIT. 3
(a) IN GENERAL.—Section 47(c)(2)(B)(v) of the In-4
ternal Revenue Code of 1986 is amended by adding at the 5
end the following new subclause: 6
‘‘(III) CLAUSE NOT TO APPLY TO 7
PUBLIC SCHOOLS.—This clause shall 8
not apply in the case of the rehabilita-9
tion of any building which was used 10
as a qualified public educational facil-11
ity (as defined in section 142(k)(1), 12
determined without regard to sub-13
paragraph (B) thereof) at any time 14
during the 5-year period ending on 15
the date that such rehabilitation be-16
gins and which is used as such a facil-17
ity immediately after such rehabilita-18
tion.’’. 19
(b) REPORT.—Not later than the date which is 5 20
years after the date of the enactment of this Act, the Sec-21
retary of the Treasury, after consultation with the heads 22
of appropriate Federal agencies, shall report to Congress 23
on the effects resulting from the amendment made by sub-24
section (a), including— 25
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(1) the number of qualified public education fa-1
cilities rehabilitated (stated separately with respect 2
to each State) and the number of students using 3
such facilities (stated separately with respect to each 4
such State), 5
(2) the number of qualified public education fa-6
cilities rehabilitated in low income communities (as 7
section 45D(e)(1) of the Internal Revenue Code of 8
1986) and the number of students using such facili-9
ties, 10
(3) the amount of qualified rehabilitation ex-11
penditures for each qualified public education facility 12
rehabilitated, and 13
(4) and any other data determined by the Sec-14
retary to be useful in evaluating the impact of such 15
amendment. 16
(c) EFFECTIVE DATE.—The amendment made by 17
this section shall apply to property placed in service after 18
the date of the enactment of this Act. 19
Æ
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