H.R. 4086House117th Congress (2021-2023)In Committee

Rehabilitation of Historic Schools Act of 2021

AI-Generated Summary

Updated February 8, 2026 at 4:46 AM UTC

The bill changes the tax law so that money spent on rehabilitating historic public school buildings can qualify for the federal rehabilitation tax credit. It applies to schools that were used as qualified public educational facilities within five years before the rehabilitation starts and continue to be used afterward. The amendment affects owners of public school properties and requires a Treasury report on its impact.

Key Provisions

Adds a new subclause to Section 47(c)(2)(B)(v) allowing the rehabilitation credit for public school buildings that were used as qualified public educational facilities within the five‑year period before the work begins and remain in use after the rehab.
Requires the Secretary of the Treasury, after consulting appropriate federal agencies, to report to Congress within five years on the effects of this change.
Sets the amendment to apply only to property placed in service after the law’s enactment.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

June 23, 2021

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HouseIntro Referral

Introduced in House

June 23, 2021

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

June 23, 2021

Bill Text

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Introduced in HouseIssued June 23, 2021

117th CONGRESS

1st Session

H. R. 4086

IN THE HOUSE OF REPRESENTATIVES

June 23, 2021

Mr. Evans 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 rehabilitation expenditures for public school buildings to qualify for rehabilitation credit.

Short title

This Act may be cited as the Rehabilitation of Historic Schools Act of 2021.

Qualification of rehabilitation expenditures for public school buildings for rehabilitation credit

(a)

In general

Section 47(c)(2)(B)(v) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subclause:

(III)

Clause not to apply to public schools

This clause shall not apply in the case of the rehabilitation of any building which was used as a qualified public educational facility (as defined in section 142(k)(1), determined without regard to subparagraph (B) thereof) at any time during the 5-year period ending on the date that such rehabilitation begins and which is used as such a facility immediately after such rehabilitation.

(b)

Report

Not later than the date which is 5 years after the date of the enactment of this Act, the Secretary of the Treasury, after consultation with the heads of appropriate Federal agencies, shall report to Congress on the effects resulting from the amendment made by subsection (a).

(c)

Effective date

The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.