I
113th CONGRESS
2d Session
H. R. 5347
IN THE HOUSE OF REPRESENTATIVES
July 31, 2014
Mr. Kind (for himself and Mr. Kelly of Pennsylvania) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to extend qualified zone academy bonds for 2 years and to reduce the private business contribution requirement with respect to such bonds, and for other purposes.
Extension and modification of qualified zone academy bonds
Extension
Paragraph (1) of section 54E(c) of the Internal Revenue Code of 1986 is amended by striking and 2013
and inserting 2013, 2014, and 2015
.
Reduction of private business contribution requirement
Subsection (b) of section 54E of such Code is amended by striking 10 percent
and inserting 5 percent
.
Effective date
The amendments made by subsections (a) and (b) shall apply to obligations issued after December 31, 2013.
Technical correction and conforming amendment
In general
Clause (iii) of section 6431(f)(3)(A) of such Code is amended—
by striking 2011
and inserting years after 2010
, and
by striking of such allocation
and inserting of any such allocation
.
Effective date
The amendments made by this subsection shall take effect as if included in section 310 of the American Taxpayer Relief Act of 2012.