S 104
109th Congress
Senate
Taxation
Bridges
Finance and Financial Sector
Freight
Highway finance
Income tax
Infrastructure
Intermodal transportation
Railroad terminals
Road construction
Tax-exempt securities
Terminals (Transportation)
Transportation and Public Works
Trucking
Tunnels
A bill to amend the Internal Revenue Code of 1986 to provide tax-exempt financing of highway projects and rail-truck transfer facilities.
Introduced: January 24, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 12, 2005
Sponsor introductory remarks on measure. (CR S3491-3492)
Jan 24, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S263-264)
Jan 24, 2005
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to authorize the issuance of tax-exempt facility bonds for certain highway and surface freight transfer facilities. Limits the amount of bonds that may be issued to $15 billion. Exempts such bonds from certain volume caps applicable to State issuers of private activity bonds.
What's happening now
Sponsor introductory remarks on measure. (CR S3491-3492)
Committees of jurisdiction
1