United States · Bill · S
S. 542 (106th)
New Millennium Classrooms Act
Introduced
4 March 1999
Last action
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Status
Sponsor introductory remarks on measure. (CR S385-387)
Sponsors
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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)
Introduced in Senate (text)
Introduced in Senate · EN · 4 March 1999
Introduced in Senate (PDF)
Introduced in Senate · EN · 4 March 1999
Introduced in Senate
summary · EN · 4 March 1999
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/106th-congress/senate-bill/542
- Open data entity: https://api.congress.gov/v3/bill/106/s/542