Rehabilitation of Historic Schools Act of 2021

3/8/2023, 7:58 PM

School Infrastructure Modernization Act of 2021

This bill allows rehabilitation expenditures for public school buildings to qualify for the rehabilitation tax credit during a specified five-year period.

Bill 117 HR 4086, also known as the Rehabilitation of Historic Schools Act of 2021, aims to provide funding and support for the restoration and preservation of historic school buildings across the United States. The bill recognizes the importance of these buildings in preserving our nation's history and culture, as well as their potential to serve as valuable community resources.

The bill proposes the establishment of a grant program to assist with the rehabilitation of historic schools, with priority given to schools that are listed on the National Register of Historic Places or located in economically disadvantaged areas. The grants would be used for a variety of purposes, including structural repairs, energy efficiency upgrades, and the installation of modern amenities.

In addition to providing financial assistance, the bill also calls for the creation of a national database of historic schools to help identify and prioritize those in need of rehabilitation. This database would be maintained by the Department of Education and made available to state and local governments, as well as non-profit organizations and private developers. Overall, the Rehabilitation of Historic Schools Act of 2021 seeks to ensure that these important buildings are preserved for future generations to enjoy and appreciate. By investing in the rehabilitation of historic schools, the bill aims to revitalize communities, promote education, and celebrate our shared heritage.
Congress
117

Number
HR - 4086

Introduced on
2021-06-23

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/23/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

School Infrastructure Modernization Act of 2021

This bill allows rehabilitation expenditures for public school buildings to qualify for the rehabilitation tax credit during a specified five-year period.

Bill 117 HR 4086, also known as the Rehabilitation of Historic Schools Act of 2021, aims to provide funding and support for the restoration and preservation of historic school buildings across the United States. The bill recognizes the importance of these buildings in preserving our nation's history and culture, as well as their potential to serve as valuable community resources.

The bill proposes the establishment of a grant program to assist with the rehabilitation of historic schools, with priority given to schools that are listed on the National Register of Historic Places or located in economically disadvantaged areas. The grants would be used for a variety of purposes, including structural repairs, energy efficiency upgrades, and the installation of modern amenities.

In addition to providing financial assistance, the bill also calls for the creation of a national database of historic schools to help identify and prioritize those in need of rehabilitation. This database would be maintained by the Department of Education and made available to state and local governments, as well as non-profit organizations and private developers. Overall, the Rehabilitation of Historic Schools Act of 2021 seeks to ensure that these important buildings are preserved for future generations to enjoy and appreciate. By investing in the rehabilitation of historic schools, the bill aims to revitalize communities, promote education, and celebrate our shared heritage.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to allow rehabilitation expenditures for public school buildings to qualify for rehabilitation credit.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary11/23/2021

School Infrastructure Modernization Act of 2021

This bill allows rehabilitation expenditures for public school buildings to qualify for the rehabilitation tax credit during a specified five-year period.


Latest Action6/23/2021
Referred to the House Committee on Ways and Means.