S 4129
116th Congress
Senate
Taxation
Income tax exclusion
Securities
State and local finance
LOCAL Infrastructure Act
Introduced: July 1, 2020
Introduced by:
Wicker, Roger F.
Republican
· Mississippi
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 1, 2020
Read twice and referred to the Committee on Finance.
Jul 1, 2020
Introduced in Senate
Plain-English summary
Lifting Our Communities through Advance Liquidity for Infrastructure Act or the LOCAL Infrastructure Act
This bill reinstates tax provisions relating to advance refunding bonds. An advance refunding bond is a tax-exempt bond issued by a state or municipality to refinance or consolidate existing bond obligations.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1