Reinvest in Public Schools Act of 2026

Summary

The bill changes the tax code so that advance‑refunding bonds issued by state or local governments for public‑school construction, renovation, or land purchase are exempt from federal income tax. It only applies when 100% of the bond proceeds go to those projects and it bars bonds that are structured to generate extra financial gains beyond normal interest savings. The goal is to lower borrowing costs for schools while preventing tax‑favored abuse.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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