Expand and Rebuild America's Schools Act of 2006

Summary

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.

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Timeline

1. 14 March 2006

   Introduced

   Introduced in House

   Source: IntroReferral

2. 14 March 2006

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 14 March 2006

   Introduced

   Sponsor introductory remarks on measure. (CR H941)

   Source: IntroReferral

4. 14 March 2006

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 March 2006 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 March 2006

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 March 2006

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 March 2006

  Open at official source

Sponsors

• Rep. Sanchez, Loretta [D-CA-46] · D · Sponsor
• Rep. Owens, Major R. [D-NY-12] · D · Sponsor
• Ed Case · D · Sponsor
• Rep. Millender-McDonald, Juanita [D-CA-37] · D · Sponsor
• Sheila Jackson Lee · D · Sponsor
• Barbara Lee · D · Sponsor
• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• Rep. Boucher, Rick [D-VA-9] · D · Sponsor
• Brad Sherman · D · Sponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Sponsor
• LUCILLE ROYBAL-ALLARD · D · Sponsor
• Rep. Honda, Michael M. [D-CA-17] · D · Sponsor
• Rep. Brown, Corrine [D-FL-5] · D · Sponsor
• Rep. Kucinich, Dennis J. [D-OH-10] · D · Sponsor
• Rep. McKinney, Cynthia A. [D-GA-4] · D · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Cosponsor
• Rep. Cardin, Benjamin L. [D-MD-3] · D · Cosponsor
• · hswm00 · Standing

Related records

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