Bill
Bill > HR5347
US HR5347
US HR5347To amend the Internal Revenue Code of 1986 to extend qualified zone academy bonds for 2 years and to reduce the private business contribution requirement with respect to such bonds, and for other purposes.
summary
Introduced
07/31/2014
07/31/2014
In Committee
07/31/2014
07/31/2014
Crossed Over
Passed
Dead
01/03/2015
01/03/2015
Introduced Session
113th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to extend qualified zone academy bonds for 2 years and to reduce the private business contribution requirement with respect to such bonds, and for other purposes.
AI Summary
This bill extends the availability of Qualified Zone Academy Bonds (QZABs) for two additional years, specifically for obligations issued after December 31, 2013, and also reduces the requirement for private businesses to contribute to these bonds from 10 percent to 5 percent of the bond's value. QZABs are tax-exempt bonds that provide funding for educational programs in schools that are located in economically distressed areas, and this bill aims to make them more accessible and attractive for use in improving these schools. The bill also includes a technical correction related to the allocation of these bonds, ensuring consistency with previous legislation.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 07/31/2014)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/113th-congress/house-bill/5347/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113hr5347ih/pdf/BILLS-113hr5347ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113hr5347ih/pdf/BILLS-113hr5347ih.pdf.pdf |
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