Search Results: keywords:"tax credit bonds"

  • S. 5187 — To amend the Internal Revenue Code of 1986 to establish a tax credit for Qualified Community College Bonds, and for other purposes.
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    Status:Introduced in Senate
    Words:3,184

    The bill, S. 5187, aims to amend the Internal Revenue Code of 1986 to create a tax credit for Qualified Community College Bonds. It outlines the criteria for what constitutes a "qualified community college bond" and sets a national bond limit of $1 billion per year, with specific allocation...

    Simple Explanation

    The bill is about giving tax credits to help build and fix community colleges, like making their buildings better or adding more computers. It makes sure a lot of money is used each year to improve these schools, but it has to be spent wisely so nothing is wasted.

  • H. R. 9698 — To amend the Internal Revenue Code of 1986 to provide for school infrastructure finance and innovation tax credit bonds.
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    Status:Introduced in House
    Words:3,441

    H.R. 9698 proposes changes to the Internal Revenue Code to introduce School Infrastructure Finance and Innovation Tax Credit Bonds (SIFIA bonds). These bonds are intended to finance the design, construction, and renovation of net-zero energy school buildings with the involvement of private...

    Simple Explanation

    H.R. 9698 is a plan to help schools get money to build or fix up buildings to be super energy-efficient. The idea is for schools to work with private companies, getting special bonds that are like fancy IOUs, and these bonds can even get tax benefits, so it's easier to pay for these schools.