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S 1186 114th Congress Senate Taxation Aviation and airports Floods and storm protection Income tax credits Income tax exclusion Infrastructure development Marine and inland water transportation Navigation, waterways, harbors Public transit Railroads Roads and highways Securities Transportation programs funding

Move America Act of 2015

Introduced: May 4, 2015 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
May 4, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2601)
May 4, 2015
Introduced in Senate
 Plain-English summary Congressional Research Service

Move America Act of 2015

This bill amends the Internal Revenue Code to allow the issuance of Move America Bonds as tax-exempt private facility bonds and describes a Move America Bond as a bond issued as part of an issuance that requires 95% or more of its net proceeds to be used for infrastructure projects, including: (1) airports; (2) docks and wharves; (3) mass commuting facilities; (4) railroads; (5) any surface transportation project eligible for federal assistance, a project for an international bridge or tunnel, or a facility for the transfer of freight from truck to rail or rail to truck; (6) flood diversions; or (7) inland waterways.

The bill also allows a tax credit for 10% of the value of a Move America credit certificate that is issued to a taxpayer by a state or project sponsor for infrastructure investment.

What's happening now May 4, 2015

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2601)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1