School Repair and Construction Act of 1997 - Amends the Internal Revenue Code to establish a limited school construction tax credit for eligible public elementary or secondary school construction projects.
Establishes in the Treasury the School Infrastructure Improvement Trust Fund (consisting of either a specified revenue surplus or amount) in order to offset, in the general fund of the Treasury, any decrease in Federal revenues attributable to such credit.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S12140-12143)
Read twice and referred to the Committee on Finance.
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