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Latest Update: Monday, October, 13th 2008
To amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools. 5/24/2007--Introduced. America's Better Classrooms 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); and (2) bonds to finance certain academic programs below the postsecondary level in empowerment zones or enterprise communities (qualified zone academy 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. Terminates the authority for issuance of such bonds after 2009.Amends the General Education Provisions Act to apply certain labor standards to public school [...] show full description
- 07/24/2007 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
- 05/24/2007 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
- 05/24/2007 - Referred to House Ways and Means
- 05/24/2007 - Referred to House Education and Labor
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