S 3766 · 109th Congress · Taxation

America's Communities Leveraging Assets for Students and Schools (America's CLASS) Act of 2006

Introduced 2006-08-01· Sponsored by Sen. Santorum, Rick [R-PA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2006-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans
Sen. Martinez, Mel [R-FL]FL
Sen. Ensign, John [R-NV]NV