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United States · Bill · S

S. 542 (106th)

New Millennium Classrooms Act

openUnited States· United States Congress· EN

Introduced

4 March 1999

Last action

Status

Sponsor introductory remarks on measure. (CR S385-387)

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

New Millennium Classrooms Act - Amends the Internal Revenue Code to: (1) increase from two to three years the age of computer equipment that corporations may donate to tax-exempt schools and for which they may receive a tax deduction; and (2) allow a business tax credit of 30 percent of the value of computer equipment donated to tax-exempt schools. Increases the amount of such credit to 50 percent for contributions to schools in empowerment zones, enterprise communities, and Indian reservations.

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Documents

3 official files

Introduced in Senate (text)

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