H.R.2470 - America's Better Classrooms Act of 2007110th Congress (2007-2008)
|Sponsor:||Rep. Rangel, Charles B. [D-NY-15] (Introduced 05/24/2007)|
|Committees:||House - Ways and Means; Education and Labor|
|Latest Action:||House - 07/24/2007 Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2470 — 110th Congress (2007-2008)All Information (Except Text)
Introduced in House (05/24/2007)
America's Better Classrooms Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for investment in qualified public school modernization bonds, defined to include: (1) 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 (2) 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 issuance of such bonds and provides for the allocation of bond amounts among the states according to a specified formula. Terminates the authority for issuance of such bonds after 2009.
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.