HR 3857
108th Congress
House
Taxation
Boundaries
Bridges
Highway finance
Income tax
Infrastructure
Intermodal transportation
International Affairs
International agencies
Railroad freight operations
Railroad terminals
Road construction
Storage
Tax-exempt securities
Transportation and Public Works
Transportation engineering
Trucking
Tunnels
Private Bonds for Modern Roads Act of 2004
Introduced: February 26, 2004
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 26, 2004
Referred to the House Committee on Ways and Means.
Feb 26, 2004
Introduced in House
Plain-English summary
Private Bonds for Modern Roads Act of 2004 - Amends the Internal Revenue Code to include as a tax-exempt facility bond any bond that is part of an issue 95 percent or more of the net proceeds of which are to be used to provide surface transportation facilities. Defines "surface transportation facilities" to mean certain highway facilities and surface freight transfer facilities. Limits the aggregate face amount of a bond issue that may be treated as tax-exempt under this Act. Exempts such bonds from the State cap on volume for private activity bonds.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1