Educational Empowerment Act - Amends the Internal Revenue Code to allow for the creation of up to 30 tax-qualified educational empowerment zones in certain low-income areas. Allows a tax credit for contributions to such educational empowerment zones for hiring new teachers, increasing teacher salaries, and training teachers.
Establishes a teacher loan forgiveness program for certain certified elementary, middle, or secondary school teachers (e.g., writing, mathematics, and science teachers) in educational empowerment zones.
Actions
Feb 9, 2005
Referred to the Subcommittee on 21st Century Competitiveness.
Jan 4, 2005
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.