Summary: S.1156 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1156. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/17/2017)

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.