Rehabilitation of Historic Schools Act of 2026

The Rehabilitation of Historic Schools Act of 2026 allows public school buildings to qualify for federal tax credits when they are rehabilitated, provided the buildings were used as public schools for five years before and after the renovation. This change removes a previous restriction that had excluded public educational facilities from receiving these financial incentives. The bill requires the Treasury Department to report data on the number of rehabilitated schools, student enrollment, and renovation costs to Congress within five years of enactment. These provisions apply to properties placed in service after the law is passed, aiming to encourage the preservation and repair of historic public school infrastructure.