Lets public schools get tax credits for fixing up their buildings.
This bill would make it easier for public schools to get tax credits when they fix up their buildings. Right now, certain rules can stop public schools from getting these credits. If passed, this change would help schools pay for needed repairs and upgrades.
Today, a specific tax rule can prevent public schools from getting a tax credit for renovating their buildings. If this bill becomes law, that rule would no longer apply to public schools. This means schools could get a tax credit for renovation costs. To qualify, they must have been used as public educational facilities in the last five years and continue to be after repairs.
HR 8501 · 119th Congress · April 27, 2026 · AI Summary by gemini-2.5-flash · 10/10
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