HR 1251 116th Congress House Taxation Building construction Educational facilities and institutions Elementary and secondary education Government buildings, facilities, and property Health facilities and institutions Higher education Income tax exclusion Law enforcement administration and funding Libraries and archives Research administration and funding Securities

Public Buildings Renewal Act of 2019

Introduced: February 14, 2019 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 14, 2019

Referred to the House Committee on Ways and Means.

Feb 14, 2019

Sponsor introductory remarks on measure. (CR E182)

Feb 14, 2019

Introduced in House

Plain-English summary Congressional Research Service

Public Buildings Renewal Act of 2019

This bill allows tax-exempt financing of certain government-owned buildings by expanding the definition of "exempt facility bond" to include bonds used for qualified government buildings.

A qualified government building is a government-owned building or facility that consists of one or more of the following

an elementary or secondary school;
facilities of a state college or university used for educational purposes;
a public library;
a court;
hospital, health care, laboratory, or research facilities;
public safety facilities; or
offices for government employees.

The bill excludes buildings or facilities that include specified recreational equipment or are used for the primary purpose of providing retail food and beverage services, recreation, or entertainment.

The bill establishes (1) a $5 billion limit on the amount of tax-exempt financing which may be provided for government buildings, and (2) procedures for allocating and applying for the financing.

The bill exempts the bonds for government buildings from the volume cap on private activity bonds.

What's happening now February 14, 2019

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1