To amend the Internal Revenue Code of 1986 to encourage new school construction through the creation of a new class of bond.
Expand and Rebuild America's Schools Act of 1997 (sic) - Amends the Internal Revenue Code to allow a limited credit to eligible taxpayers holding school construction bonds. Defines such bonds. Establishes a private business contribution requirement for bond issuers. Defines as eligible taxpayers certain banks, insurance companies, and corporations. Sets a national school construction bond limit.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR E101-103)
Sponsor introductory remarks on measure. (CR E2009)
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line