H.R. 4945 · 109th Congress
Expand and Rebuild America's Schools Act of 2006
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SanchezSponsor16 cosponsors · 15 D, 1 R
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Boucher
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Brown
DC
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Christensen
EC
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Case
MH
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Honda
SJ
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Jackson Lee
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Kucinich
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Lee
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McKinney
JM
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Millender-McDonald
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Owens
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Paul
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Roybal-Allard
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Sherman
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Evans
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Cardin14 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Mar 14, 2006
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Expand and Rebuild America's Schools Act of 2006
Latest action (Mar 14, 2006): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 14, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.