The purpose of this legislation is to require the Secretary of the Interior to prepare and submit a report to Congress regarding how the National Park Service interprets and applies the Standards for Rehabilitation in relation to the Federal Historic Preservation Tax Incentives program. This program is designed to encourage the preservation of historic properties by providing tax benefits to property owners who rehabilitate these buildings. Key provisions of the legislation include a mandate for the report to be submitted within one year of the law's enactment.