3.0.0 4834 2023-01-13T04:49:01Z 2023-01-13T04:49:01Z House H HR 2006-03-01 109 hswm00 Ways and Means Committee House Standing Referred to 2006-03-01T15:01:15Z 2006-03-01 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-03-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-03-01 Introduced in House IntroReferral 1000 9 Library of Congress E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 N P000323 Rep. Pickering, Charles W. "Chip" [R-MS-3] CHARLES PICKERING R MS W. 3 2006-03-01 True M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2006-03-09 False E000092 Rep. Ehlers, Vernon J. [R-MI-3] VERNON EHLERS R MI J. 3 2006-03-16 False P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2006-03-16 False L000293 Rep. Lewis, Ron [R-KY-2] RON LEWIS R KY 2 2006-03-16 False F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2006-03-29 False S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2006-04-06 False H000413 Rep. Hayworth, J. D. [R-AZ-5] J. HAYWORTH R AZ D. 5 2006-04-26 False F000440 Rep. Fossella, Vito [R-NY-13] VITO FOSSELLA R NY 13 2006-06-09 False M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2006-09-25 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2006-09-26 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2006-09-29 False Taxation Charities Commerce Corporate philanthropy Corporation taxes Education Elementary and secondary education Elementary education Income tax Scholarships Secondary education Social Welfare Tax credits Tax penalties Taxation 00 2006-03-01 Introduced in House 2006-03-13T15:40:53Z Businesses Supporting Education Act of 2006 - Amends the Internal Revenue Code to allow business entities a tax credit for contributions to a tax-exempt education scholarship organization which provides scholarships to elementary or secondary school students from low or moderate income families. Limits the annual amount of such credit to $100,000.

Imposes a penalty tax on education scholarship organizations that fail to make required distributions of scholarship funds.

]]> Businesses Supporting Education Act of 2006 Display Title Businesses Supporting Education Act of 2006 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a business tax credit for contributions to education scholarship organizations. Introduced in House IH Short Titles as Introduced Businesses Supporting Education Act of 2006 Introduced in House 2006-03-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4834ih/xml/BILLS-109hr4834ih.xml 2006-03-01 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.