School Infrastructure Modernization Act of 2026

This bill changes the federal tax code so that money spent rehabilitating public school buildings can qualify for the federal rehabilitation tax credit. Under current law, a rule related to buildings used by tax-exempt or government entities can block this credit; the bill says that rule would not apply to a building used as a public school facility at any time in the 5 years before rehabilitation begins and used as one right after. The Treasury Secretary would have to report to Congress within 5 years on how many school facilities were rehabilitated in each state, how many students use them, how many are in low-income communities, and how much was spent on each. The change would apply to property placed in service after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Tim Kaine Democrat sponsor
• 1 cosponsors