Public School Modernization Act of 1999

To amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools and to provide tax incentives for corporations to participate in cooperative agreements with public schools in distressed areas.

Subjects

Taxation

Summary

Public School Modernization Act of 1999 - Amends the Internal Revenue Code to provide: (1) a limited credit for qualified public school modernization bonds; (2) for qualified school construction bonds and qualified zone academy bonds and establish limits and allocation formulas for such bonds; and (3) corporations, a limited specialized training center credit.

Amends the General Education Provisions Act to provide for the application of certain labor standards to projects financed under this Act.

Amends the Workforce Investment Act of 1998 to establish provisions concerning employment and training activities related to the construction or reconstruction of public school facilities.

Full Text

Related Legislation

H.Res. 240Providing for consideration of the bill (H.R. 1660) to amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools and to provide tax incentives for corporations to participate in cooperative agreements with public schools in distressed areas.
1999-08-04Motion to Discharge Committee filed by Mr. Rangel. Petition No: 106-5. (<a href="http://clerk.house.gov/106/lrc/pd/Petitions/Dis5.htm">Discharge petition</a> text with signatures.)
Related

Legislative Actions

1999-05-04
Introduced in House
1999-05-04
Introduced in House
1999-05-04
Sponsor introductory remarks on measure. (CR E844-846)
1999-05-04
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-05-04
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-05-04
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-05-21
Referred to the Subcommittee on Postsecondary Education, Training and Life-Long Learning.
1999-05-21
Referred to the Subcommittee on Early Childhood, Youth and Families.

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