To direct the Secretary of Interior to submit to Congress a report on the National Park Service's interpretation and application of the Standards for Rehabilitation for use of the Federal Historic Preservation Tax Incentives program.

Bill 118 hr 10116, titled "To direct the Secretary of Interior to submit to Congress a report on the National Park Service's interpretation and application of the Standards for Rehabilitation for use of the Federal Historic Preservation Tax Incentives program," aims to address concerns regarding the National Park Service's implementation of the Standards for Rehabilitation in relation to the Federal Historic Preservation Tax Incentives program.

The bill calls for the Secretary of Interior to provide a detailed report to Congress on how the National Park Service interprets and applies the Standards for Rehabilitation when reviewing applications for the Federal Historic Preservation Tax Incentives program. This report will shed light on any inconsistencies or challenges in the application process, as well as provide recommendations for improving the program's effectiveness.

By requiring this report, the bill seeks to ensure transparency and accountability in the administration of the Federal Historic Preservation Tax Incentives program. It also aims to identify any areas where the program may be falling short in promoting the preservation of historic properties and encouraging economic development through historic rehabilitation projects. Overall, Bill 118 hr 10116 serves as a proactive measure to assess and potentially improve the implementation of the Federal Historic Preservation Tax Incentives program, ultimately benefiting both historic property owners and the broader community.