Skip to main content
S 1705 105th Congress Senate Taxation Building construction Commerce Construction costs Education Elementary and secondary education Elementary schools Finance and Financial Sector Government Operations and Politics High schools Income tax Maintenance and repair Personal income tax Public schools School buildings School districts School planning Secondary education Tax credits Tax-exempt securities

Public School Modernization Act of 1998

Introduced: March 4, 1998 See on congress.gov
Sign in to write a letter Sign in to watch
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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 1998
Read twice and referred to the Committee on Finance.
Mar 4, 1998
Sponsor introductory remarks on measure. (CR S1336-1338)
Mar 4, 1998
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Public School Modernization Act of 1998 - Amends the Internal Revenue Code to revise current incentives for education zones into incentives for qualified public school modernization bonds, including (currently existing) qualified zone academy bonds and (newly established) qualified school construction bonds.

Allows a limited tax credit, computed according to a specified formula, to taxpayers holding such public school modernization bonds. Raises the national zone academy bond limitation from $400 million to $1.4 billion for calendar 1999 (and 2000), and eliminates the limitation after 2000.

Prescribes requirements for national qualified school construction bonds, with a national limitation of $9.7 billion each for calendar 1999 and 2000 and no limit after 2000.

What's happening now March 4, 1998

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 3320 Identical bill Public School Modernization Act of 1998
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Murray, Patty
Washington · Mar 4, 1998
 D
Reed, Jack
Rhode Island · Mar 4, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1705: Public School Modernization Act of 1998. 105th Congress. Open America. https://openamerica.io/bill/105-S-1705/
MLA
"S. 1705: Public School Modernization Act of 1998." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-1705/.
Bluebook (legal)
S. 1705, 105th Cong. (2026), https://openamerica.io/bill/105-S-1705/.
Markdown link
[S. 1705: Public School Modernization Act of 1998](https://openamerica.io/bill/105-S-1705/)
Report a problem