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Qualified School Construction Bonds (QSCB) are a U.S. debt instrument created by Section 1521 of the American Recovery and Reinvestment Act of 2009.The Tax Cuts and Jobs Act of 2017 eliminated QSCB issuances as of January 1, 2018, rendering any unissued allocation void, although all previously issued QSCBs remain valid as long as they are not reissued. [1]
Districts found with these invalid donations were required to repay the bond investor's the lost tax-credit, penalties to the IRS, and retire their bonds. All state and local laws applicable to bonds also apply to QZABs, including Section 148 of the IRS Code. A qualified lender as defined by the law must purchase bonds.
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
A bond is a form of debt where the bond issuer borrows money in return for paying interest and returning the bond’s principal to the buyer when the bond matures. Bonds are commonly issued by ...
What to know about the new Monroe County Community School Corporation bond resolution: electric buses, tax rates, real estate and more. MCCSC to sell $25.5 million in bonds for construction ...
The News Tribune got to tour the new school, which was under construction for two years.
Children with scrap metal in Lititz, Pennsylvania, November 1942. The Schools at War program was led by the director of the education division of the War Savings Staff of the Treasury Department, Homer W. Anderson, and was intended to unify and coordinate the effort of 30 million school children in support of the war effort. [2]
"The nation has not met any of the eight educational goals for the year 2000 set a decade ago by President Bush and the governors of all 50 states, although measurable progress has been made toward the goals pertaining to preschoolers and student achievement in math and reading, a national panel announced yesterday.