3.0.0 3766 2023-01-12T17:52:26Z 2023-01-12T17:52:26Z Senate S S 2006-08-01 109 ssfi00 Finance Committee Senate Standing Referred to 2006-08-01T19:56:41Z 2006-08-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-08-01 Introduced in Senate IntroReferral 10000 9 Library of Congress S000059 Sen. Santorum, Rick [R-PA] RICK SANTORUM R PA N M001162 Sen. Martinez, Mel [R-FL] Mel Martinez R FL 2006-08-01 True E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV 2006-09-11 False Taxation Charities Commerce Corporation taxes Education Elementary and secondary education Income tax Nonprofit organizations Scholarships Social Welfare Tax credits Taxation 00 2006-08-01 Introduced in Senate 2006-08-18T19:13:11Z America's Communities Leveraging Assets for Students and Schools (America's CLASS) Act of 2006 - Amends the Internal Revenue Code to allow corporations (other than S corporations) a tax credit for 50% of cash contributions of $5,000 or more made to a non-profit scholarship organization or an educational improvement organization. Limits the annual amount of such credit to $75,000.

]]> America's Communities Leveraging Assets for Students and Schools (America's CLASS) Act of 2006 Display Title America's Communities Leveraging Assets for Students and Schools (America's CLASS) Act of 2006 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for donations to non-profit scholarship organizations and educational improvement organizations. Introduced in Senate IS Short Titles as Introduced America's Communities Leveraging Assets for Students and Schools (America's CLASS) Act of 2006 Introduced in Senate 2006-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3766is/xml/BILLS-109s3766is.xml 2006-08-01 Read twice and referred to the Committee on Finance. 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.