America's Better Classroom Act of 2005

Bill: 109-hr-1742
Sponsor: Rep. Rangel, Charles B. [D-NY-15]
Introduced: 2005-04-20 in the House
Policy area: Taxation
Subjects: Apprenticeship
Building construction
Charitable contributions
Collection of accounts
Commerce
Community and school
Construction costs
Construction industries
Construction workers
Corporate philanthropy
Curricula
Depressed areas
Economics and Public Finance
Education
Education of the disadvantaged
Educational planning
Educational technology
Elementary and secondary education
Elementary education
Employee selection
Enterprise zones
Families
Finance and Financial Sector
Government Operations and Politics
Government contractors
Government paperwork
Government procurement
Higher education
Income tax
Indian education
Infrastructure
Interest
Labor and Employment
Maintenance and repair
Minorities
Public schools
School buildings
School districts
Science, Technology, Communications
Secondary education
Skilled labor
Social Welfare
Tax credits
Tax returns
Tax-exempt securities
Teacher education
Vocational and technical education
Volunteer workers
Wages

Summary:
action_date: 2005-04-20
text: 
America's Better Classroom Act of 2005 - Amends the Internal Revenue Code to allow a tax credit for investment in qualified public school modernization bonds. Includes within the definition of &quot;qualified public school modernization bonds&quot; bonds for the construction, rehabilitation, or repair of a public school facility or for the acquisition of land for such facility (qualified school construction bonds) and bonds to finance certain academic programs below the postsecondary level in empowerment zones or enterprise communities (qualified zone academy bonds). Establishes a national limitation on the amount of bonds designated as public school construction bonds and zone academy bonds and provides for the allocation of bond amounts among the States according to a specified formula. Limits the term of such bonds to 15 years and terminates the authority for issuance of such bonds after September 30, 2010. 
 
Amends the General Education Provisions Act to apply certain labor standards to public school construction projects financed by this Act.
 
Amends the Workforce Investment Act of 1998 to require States to establish employment and training programs relating to the construction or reconstruction of public school facilities.


Legislative actions:
action_date: 2005-05-09
text: Referred to the Subcommittee on Education Reform.
action_date: 2005-05-09
text: Referred to the Subcommittee on 21st Century Competitiveness.
action_date: 2005-05-09
text: Referred to the Subcommittee on Workforce Protections.
action_date: 2005-04-20
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-04-20
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-04-20
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-04-20
text: Sponsor introductory remarks on measure. (CR 4/21/2005 E717-718)
action_date: 2005-04-20
text: Introduced in House
action_date: 2005-04-20
text: Introduced in House