This bill amends the tax code to allow public schools to claim federal tax credits when they rehabilitate or modernize their buildings. Currently, public school buildings are excluded from these rehabilitation tax credits, which are designed to encourage renovation of older structures. The legislation removes that exclusion, making schools eligible for the same tax incentives available to other building owners and operators. The bill applies to school buildings that have been in use as educational facilities within the past five years and must continue serving that purpose after renovation. The measure takes effect on January 1, 2027, and requires the Treasury Department to report back to Congress within five years on how many schools have used the credits, how many students benefit, and the total amount invested in school modernization projects.