S 250
107th Congress
Senate
Taxation
Alaska
Bonds
Capital investments
Commerce
Congress
Congressional reporting requirements
Cost effectiveness
Economics and Public Finance
Federal aid highway program
Finance and Financial Sector
Government Operations and Politics
Government corporations
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Highspeed trains
Income tax
Infrastructure
Land transfers
Local taxation
Mass rapid transit
High-Speed Rail Investment Act of 2001
Introduced: February 6, 2001
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 2001
Star Print ordered on the bill.
Feb 6, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1068-1071)
Feb 6, 2001
Sponsor introductory remarks on measure. (CR S1068)
Feb 6, 2001
Introduced in Senate
Plain-English summary
High-Speed Rail Investment Act of 2001 - Amends the Internal Revenue Code to allow a tax credit (to be included in gross income as interest) to holders of qualified Amtrak bonds issued by the National Railroad Passenger Corporation.
Requires, with exceptions, State matching contributions for qualifying projects, which shall be used to redeem project-specific bonds, and if amounts remain, to fund other projects or bonds. Treats such contributions as tax-exempt facility bonds. Eliminates, for tax exemption for purposes, the governmental ownership requirement for mass commuting facility bonds.
Authorizes the Secretary of Transportation to allocate bond funds for Alaska Railroad issuances.
Requires the Corporation to annually submit a multi-year capital spending plan.
What's happening now
Star Print ordered on the bill.
Committees of jurisdiction
1