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Rehabilitation of Historic Schools Act of 2021

3/8/2023, 7:58 PM

Summary of Bill HR 4086

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.

Congressional Summary of HR 4086

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.

Current Status of Bill HR 4086

Bill HR 4086 is currently in the status of Bill Introduced since June 23, 2021. Bill HR 4086 was introduced during Congress 117 and was introduced to the House on June 23, 2021.  Bill HR 4086's most recent activity was Referred to the House Committee on Ways and Means. as of June 23, 2021

Bipartisan Support of Bill HR 4086

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
20
Democrat Cosponsors
20
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4086

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4086

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 2021
Rehabilitation of Historic Schools Act of 2021

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