HR 3046
114th Congress
House
Taxation
Building construction
Educational facilities and institutions
Elementary and secondary education
Income tax credits
Securities
Rebuilding America's Schools Act
Introduced: July 13, 2015
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 2015
Referred to the House Committee on Ways and Means.
Jul 13, 2015
Introduced in House
Plain-English summary
Rebuilding America's Schools Act
This bill amends the Internal Revenue Code, with respect to qualified zone academy bonds issued to finance public school facilities, to: (1) extend the national limitation amount for such bonds through calendar year 2014 and then increase such amount and make it permanent after calendar year 2014, (2) expand the enumerated purposes of such bonds to include the construction of public school facilities in a qualified zone academy, (3) lower the private business contribution requirement for such bonds from 10% to 5% of the proceeds of the bond issue, and (4) designate such bonds as specified tax credit bonds.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1