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S 1250 113th Congress Senate Taxation 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

TRIP Bonds Act

Introduced: June 27, 2013 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
Jun 27, 2013
Read twice and referred to the Committee on Finance.
Jun 27, 2013
Introduced in Senate
 Plain-English summary Congressional Research Service

Transportation and Regional Infrastructure Project Bonds Act of 2013 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by or for the benefit of 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 (including one or more subaccounts).

Defines "qualified project" as a capital transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank, as well as any flood damage risk reduction project with a completed Report of the Chief of Engineers of the Army Corps of Engineers.

What's happening now June 27, 2013

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1