S. 1156 · 115th Congress
School Infrastructure Modernization Act of 2017
- Stage
- In committee
- Sponsor
- Tim Kaine
- Introduced
- 2017-05-17
- Latest action
- 2017-05-17 · Introduced in Senate
Summary
School Infrastructure Modernization Act of 2017
This bill amends the Internal Revenue Code to allow rehabilitation expenditures for any building which is a qualified public educational facility to qualify for the rehabilitation tax credit. A "qualified public educational facility" is a school facility which is part of a public elementary or secondary school and is owned by a private, for-profit corporation pursuant to a public-private partnership agreement with a state or local educational agency.