School Construction: Qualified Zone Academy Bonds

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In the middle of May, the Senate was working on a procedural motion to move debate on HR 3474 (so it could be the vehicle for the Senate to consider the tax extenders in S 2260). The EXPIRE Act tax extender bill was passed by the Finance Committee and extends 55 tax provisions that expired at the end of 2013. The EXPIRE Act extends tax provisions including the Qualified Zone Academy Bond program for 2 years. Specifically, the measure funds QZAbs at $400 million per year in 2014 and 2015 and modifies the local business contribution down to 5%, from 10%.

Ultimately, the Senate cloture measure on the measure was withdrawn by unanimous consent, meaning no vote as of yet. Please write and contact Senate offices to support the EXPIRE Act S. 2260 and the extension of the QZAB program.

 


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