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HR 3652 105th Congress House

School Construction Act of 1998

Official title: To amend the Internal Revenue Code of 1986 to provide a source of interest-free capital, in addition to that recommended in the President's budget proposal, fo… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide a source of interest-free capital, in addition to that recommended in the President's budget proposal, for the construction and renovation of public schools in States experiencing large increases in public school enrollment.

Introduced: July 28, 1998 See on congress.gov
Taxation Building constructionCommerceConstruction costsEducation
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Educational surveysElementary and secondary educationElementary schoolsFinance and Financial SectorGovernment Operations and PoliticsHigh schoolsIncome taxMaintenance and repairPersonal income taxPublic schoolsSchool buildingsSchool districtsSchool planningSecondary educationStudent enrollment
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 1998
Sponsor introductory remarks on measure. (CR H4336)
Apr 2, 1998
Sponsor introductory remarks on measure. (CR E583-584)
Apr 1, 1998
Referred to the House Committee on Ways and Means.
Apr 1, 1998
Introduced in House
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 Latest action June 10, 1998

Sponsor introductory remarks on measure. (CR H4336)

 Plain-English summary Congressional Research Service

School Construction Act of 1998 - Amends the Internal Revenue Code to: (1) allow a limited tax credit to holders of qualified public school construction bonds as an incentive for public school construction; (2) include in gross income the amount of such credit, which shall be treated as interest income; and (3) establish a national qualified school construction bond limitation for each calendar year, to be allocated among the States with projected enrollment increases.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 4
LAMPSON, NICK
· Jul 28, 1998
 D
McGovern, James P.
Massachusetts · Apr 1, 1998
 D
Neal, Richard E.
Massachusetts · Apr 1, 1998
 D
Pallone, Frank
New Jersey · Apr 1, 1998
 D
Pelosi, Nancy
California · Apr 1, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3652: School Construction Act of 1998. 105th Congress. Open America. https://openamerica.io/bill/105-HR-3652/
MLA
"H.R. 3652: School Construction Act of 1998." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-3652/.
Bluebook (legal)
H.R. 3652, 105th Cong. (2026), https://openamerica.io/bill/105-HR-3652/.
Markdown link
[H.R. 3652: School Construction Act of 1998](https://openamerica.io/bill/105-HR-3652/)
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