Bookcover of Federal Impact Aid
Booktitle:

Federal Impact Aid

Federal Impact Aid, Elementary and Secondary Education Act, Property tax

PlacPublishing (2012-07-04 )

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ISBN-13:

978-620-1-63845-7

ISBN-10:
6201638458
EAN:
9786201638457
Book language:
English
Blurb/Shorttext:
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Federal Impact Aid is designed to assist United States local school districts that have lost property tax revenue due to the presence of tax-exempt Federal property, or that have experienced increased expenditures due to the enrollment of federally connected children, including children living on Indian lands. The Lanham Act (1940) provided for a rudimentary form of Impact Aid as payments in lieu of taxes for districts with military bases within their boundaries. In 1941, Congress amended the Lanham Act, expanding Impact Aid to include funding for the construction of public schools. In 1950, Congress enacted two laws, P.L. 815 and P.L. 874, that began the grant program in its present form. The Impact Aid statute is now Title VIII of the Elementary and Secondary Education Act of 1965 (ESEA)), and the program's regulations can be found in Title 34 of the Code of Federal Regulations, section 222. Total funding for this program has exceeded $1 billion since 2002. [Payments for Federal Property are funded through a formula grant designed to offset the financial burden of school districts with large amounts of non-taxable, Federal land.
Publishing house:
PlacPublishing
Website:
http://www.betascript-publishing.com
Edited by:
Epimetheus Christer Hiram
Number of pages:
72
Published on:
2012-07-04
Stock:
Available
Category:
Law
Price:
29.00 €
Keywords:
impact, Housing, tax, Federal, Act, aid, exemption

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