S.912: A bill to amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools.

A bill to amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools. 3/19/2007--Introduced. America's Better Classroom Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for investment in qualified public school modernization bonds, defined to include: (1) bonds for the construction, rehabilitation, or repair of a public school facility or for the acquisition of land for such facility (qualified school construction bonds); (2) bonds to finance certain academic programs below the postsecondary level in empowerment zones or enterprise communities (qualified zone academy bonds); and (3) bonds for the construction, rehabilitation, or repair of certain Indian tribal schools (qualified tribal school modernization bonds). Establishes a national limitation on the issuance of such bonds and provides for the allocation of bond amounts among the states according to a specified formula. Limits the term of such [...]

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