H. R. 3703
IN THE HOUSE OF REPRESENTATIVES
October 7, 2015
Mr. Kind (for himself and Mr. Kelly of Pennsylvania) introduced the following bill; which was referred to the Committee on Ways and Means
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.
This Act may be cited as the
Investing in 21st Century Schools Act.
Extension and modification of qualified zone academy bonds
Section 54E(c)(1) of the Internal Revenue Code of 1986 is amended by striking
and 2014 and inserting
2014, 2015, and 2016.
Reduction of private business contribution requirement
Section 54E(b) of such Code is amended by striking
10 percent and inserting
The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.