HR 5330
113th Congress
House
Taxation
Economic development
Income tax credits
Securities
State and local finance
Urban and suburban affairs and development
BUILD Act
Introduced: July 31, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2014
Referred to the House Committee on Ways and Means.
Jul 31, 2014
Introduced in House
Plain-English summary
Bringing Urgent Investment to Local Development Act or the BUILD Act - Amends the Internal Revenue Code, with respect to the tax credit for investment in Build America bonds, to: (1) make permanent the authority for issuance of such bonds, (2) phase in an annual reduction in the credit rate for bondholders and issuers between 2014 and 2019, and (3) allow an issuer a refundable credit amount for investment in economic development bonds in cities with specified unemployment and poverty rates and population loss.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1