Sec. 11102. Qualification of rehabilitation expenditures for public school buildings for rehabilitation credit
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Section 47(c)(2)(B)(v) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subclause: This clause shall not apply in the case of any building which is a qualified public educational facility (as defined in section 142(k)(1), determined without regard to subparagraph
(B)thereof) and used as such during some period before such expenditure and used as such immediately after such expenditure. . Not later than the date which is 5 years after the date of the enactment of this Act, the Secretary of the Treasury, after consultation with the heads of appropriate Federal agencies, shall report to Congress on the effects resulting from the amendment made by subsection (a). The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.