To amend the Internal Revenue Code of 1986 to allow rehabilitation expenditures for public school buildings to qualify for rehabilitation credit.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill provides qualification of rehabilitation expenditures for public school buildings for rehabilitation credit Section 47(c)(2)(B)(v) of the Internal Revenue Code of 1986 is amended by adding at the end the following new. It relies on appropriations, reporting requirements, compliance mandates, and exemptions. The main policy areas are Education and Environment.
Who Benefits and How
Environmental and public health interests affected by the bill could face lower compliance burdens and Educational institutions and students affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Provides qualification of rehabilitation expenditures for public school buildings for rehabilitation credit Section 47(c)(2)(B)(v) of the Internal Revenue Code of 1986 is amended by adding at the end the following new...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides qualification of rehabilitation expenditures for public school buildings for rehabilitation credit Section 47(c)(2)(B)(v) of the Internal Revenue Code of 1986 is amended by adding at the end the following new.
Key Policy Areas
Education, Environment
Primary Purpose
The bill provides qualification of rehabilitation expenditures for public school buildings for rehabilitation credit Section 47(c)(2)(B)(v) of the Internal Revenue Code of 1986 is amended by adding at the end the following new.
Policy Domains
Whole bill
Identified Gains
- Environmental and public health interests affected by the bill
- Educational institutions and students affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Tim Kaine
D-VA | Primary Sponsor
Legislative Progress
IntroducedMr. Kaine (for himself and Mr. Warner) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
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