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I
117TH CONGRESS
1ST SESSION H. R. 4086
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
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 reha-
bilitation expenditures for public school buildings to qual-
ify for rehabilitation credit.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Rehabilitation of His-
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toric Schools Act of 2021’’.
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•HR 4086 IH
SEC. 2. QUALIFICATION OF REHABILITATION EXPENDI-
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TURES FOR PUBLIC SCHOOL BUILDINGS FOR
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REHABILITATION CREDIT.
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(a) IN GENERAL.—Section 47(c)(2)(B)(v) of the In-
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ternal Revenue Code of 1986 is amended by adding at the
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end the following new subclause:
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‘‘(III) CLAUSE NOT TO APPLY TO
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PUBLIC SCHOOLS.—This clause shall
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not apply in the case of the rehabilita-
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tion of any building which was used
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as a qualified public educational facil-
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ity (as defined in section 142(k)(1),
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determined without regard to sub-
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paragraph (B) thereof) at any time
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during the 5-year period ending on
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the date that such rehabilitation be-
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gins and which is used as such a facil-
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ity immediately after such rehabilita-
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tion.’’.
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(b) REPORT.—Not later than the date which is 5
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years after the date of the enactment of this Act, the Sec-
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retary of the Treasury, after consultation with the heads
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of appropriate Federal agencies, shall report to Congress
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on the effects resulting from the amendment made by sub-
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section (a).
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•HR 4086 IH
(c) EFFECTIVE DATE.—The amendment made by
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this section shall apply to property placed in service after
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the date of the enactment of this Act.
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