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H.R. 3703 (114th): Investing in 21st Century Schools Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 7, 2015.


Investing in 21st Century Schools Act

This bill amends the Internal Revenue Code, with respect to qualified zone academy bonds, to: (1) extend through 2016 the national limitation amount for such bonds, and (2) reduce from 10% to 5% of bond proceeds the required contribution amount for private businesses.