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S 1436 112th Congress Senate Taxation Customs enforcement 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 Transportation programs funding User charges and fees

TRIP Bonds Act

Introduced: July 28, 2011 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2011
Read twice and referred to the Committee on Finance.
Jul 28, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Transportation and Regional Infrastructure Project Bonds Act of 2011 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by 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.

Defines "qualified project" as the capital improvements to any transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank.

Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through specified dates in 2048.

What's happening now July 28, 2011

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1