US SB796 | 2011-2012 | 112th Congress
Status
Sponsorship: Partisan Bill (Democrat 5)
Status: Introduced on April 12 2011 - 25% progression, died in committee
Action: 2011-04-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 12 2011 - 25% progression, died in committee
Action: 2011-04-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to: (1) extend through 2015 the qualified school construction bond program and the national limitation amounts for bonds issued under the qualified zone academy bond (QZAB) program, (2) allow the issuer of a QZAB to receive a direct payment in lieu of the tax credit for interest payments with respect to such bonds, and (3) permit private entities to waive the 10% matching requirement for QZABs.
Title
A bill to amend the Internal Revenue Code to extend qualified school construction bonds and qualified zone academy bonds, to treat qualified zone academy bonds as specified tax credit bonds, and to modify the private business contribution requirement for qualified zone academy bonds.
Sponsors
| Sen. John Rockefeller [D-WV] | Sen. Mark Begich [D-AK] | Sen. Tom Harkin [D-IA] | Sen. Tim Johnson [D-SD] |
| Sen. John Kerry [D-MA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-04-12 | Senate | Read twice and referred to the Committee on Finance. |
| 2011-04-12 | Senate | Sponsor introductory remarks on measure. (CR S2395-2396) |
Same As/Similar To
HB2394 (Related) 2011-06-24 - Referred to the House Committee on Ways and Means.
Subjects
Building construction
Education of the disadvantaged
Educational facilities and institutions
Elementary and secondary education
Income tax credits
Securities
Taxation
Education of the disadvantaged
Educational facilities and institutions
Elementary and secondary education
Income tax credits
Securities
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/796/all-info |
| Text | https://www.congress.gov/112/bills/s796/BILLS-112s796is.pdf |
