Expand and Rebuild America's Schools Act of 2006
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Expand and Rebuild America's Schools Act of 2006 - Amends the Internal Revenue Code to allow a nonrefundable tax credit to holders of school construction bonds. Sets forth requirements for issues of school construction bonds, including that: (1) 95% of the proceeds of such bonds must be used to construct new elementary and secondary school facilities and provide equipment for such schools; (2) local education agencies must require private business contributions of not less than 10% of the proceeds of an issue; and (3) bonds must be used for schools which meet specified criteria relating to curriculum, the alleviation of classroom overcrowding, and student-teacher ratios. Provides for a national school construction bond limitation of $400 million in 2007 and 2008.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4945: Expand and Rebuild America's Schools Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4945/
"H.R. 4945: Expand and Rebuild America's Schools Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4945/.
H.R. 4945, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4945/.
[H.R. 4945: Expand and Rebuild America's Schools Act of 2006](https://openamerica.io/bill/109-HR-4945/)