New Millennium Classrooms Act

Summary

New Millennium Classrooms Act - Amends the Internal Revenue Code to: (1) expand the tax deduction for computer donations by corporations to tax-exempt schools to include donations to public libraries; (2) increase from two to three years the age of computers that can be contributed for such deduction; and (3) allow a business tax credit of 30 percent of the value of computers donated to tax-exempt schools and public libraries. Increases the amount of such credit to 50 percent for contributions to schools or public libraries in empowerment zones, enterprise communities, and Indian reservations.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 June 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 22 June 1999

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• Introduced in House

  summary · EN · 22 June 1999

  Open at official source

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