To amend the Internal Revenue Code of 1986 to allow rehabilitation expenditures for public school buildings to qualify for rehabilitation credit.
Rehabilitation of Historic Schools Act of 2017
This bill amends the Internal Revenue Code to allow rehabilitation expenditures for any building which is a qualified public educational facility to qualify for the rehabilitation tax credit. A "qualified public educational facility" is a school facility which is part of a public elementary or secondary school and is owned by a private, for-profit corporation pursuant to a public-private partnership agreement with a state or local educational agency.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3013-3014)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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