H.R. 5330 113th Congress House

BUILD Act

Official title: To amend the Internal Revenue Code of 1986 to make the tax treatment for certain build America bonds permanent and to provide for recovery zone economic develo… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to make the tax treatment for certain build America bonds permanent and to provide for recovery zone economic development bonds for certain cities, and for other purposes.

Introduced: July 31, 2014 See on congress.gov

Taxation Economic developmentIncome tax creditsSecuritiesState and local financeUrban and suburban affairs and development

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 31, 2014

Introduced in House

Jul 31, 2014

Referred to the House Committee on Ways and Means.

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Latest action July 31, 2014

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

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.

Related & companion bills 1

Bill text 1 version