US Congress Senate Bill 1250 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on June 27 2013 - 25% progression, died in committee
Action: 2013-06-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Transportation and Regional Infrastructure Project Bonds Act of 2013 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by or for the benefit of a state infrastructure bank as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a TRIP Bonds Trust Account (including one or more subaccounts). Defines "qualified project" as a capital transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank, as well as any flood damage risk reduction project with a completed Report of the Chief of Engineers of the Army Corps of Engineers.

Transportation and Regional Infrastructure Project Bonds Act of 2013

Sen. Ron Wyden [D-OR]

Sen. John Hoeven [R-ND]

Sen. Amy Klobuchar [D-MN]

Date	Chamber	Action
2013-06-27	Senate	Read twice and referred to the Committee on Finance.

HB2534 (Same As) 2013-06-27 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1250/all-info
Text	https://www.congress.gov/113/bills/s1250/BILLS-113s1250is.pdf