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HR 4945 109th Congress House Taxation Building construction Charitable contributions Commerce Community and school Construction costs Corporate philanthropy Education Education of the disadvantaged Educational facilities Educational technology Elementary and secondary education Elementary education Equipment and supplies Finance and Financial Sector Government Operations and Politics Income tax Public-private partnerships School buildings School districts

Expand and Rebuild America's Schools Act of 2006

Introduced: March 14, 2006 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2006
Referred to the House Committee on Ways and Means.
Mar 14, 2006
Sponsor introductory remarks on measure. (CR H941)
Mar 14, 2006
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now March 14, 2006

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2