WASHINGTON — Large local school districts would not be forced to give up their unused qualified school construction bond allocations to states to keep them from expiring at the end of the year under legislation proposed yesterday by the top tax writers in the House.

The bill, introduced by House Ways and Means chairman Charles Rangel, D-N.Y., and ranking minority member Dave Camp, R-Mich., also would clarify that regulated investment companies such as mutual funds that purchase and hold tax-credit bonds should treat tax credits like cash and pass them through to shareholders.

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