US SB1250 | 2013-2014 | 113th Congress
Status
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]
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]
Summary
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.
Title
Transportation and Regional Infrastructure Project Bonds Act of 2013
Sponsors
Sen. Ron Wyden [D-OR] | Sen. John Hoeven [R-ND] | Sen. Amy Klobuchar [D-MN] |
History
Date | Chamber | Action |
---|---|---|
2013-06-27 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2534 (Same As) 2013-06-27 - Referred to the House Committee on Ways and Means.
Subjects
Government trust funds
Income tax credits
Infrastructure development
Intergovernmental relations
Marine and inland water transportation
Navigation, waterways, harbors
Public transit
Railroads
Roads and highways
Securities
State and local finance
Taxation
Transportation programs funding
Income tax credits
Infrastructure development
Intergovernmental relations
Marine and inland water transportation
Navigation, waterways, harbors
Public transit
Railroads
Roads and highways
Securities
State and local finance
Taxation
Transportation programs funding
US Congress State Sources
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 |