S. 881 117th Congress Senate

BUILD Act

Official title: A bill to amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

Introduced: March 24, 2021 Introduced by: John Cornyn Republican · Texas See on congress.gov

Taxation Income tax exclusionMotor carriersRailroadsRoads and highways

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SecuritiesState and local financeTransportation programs funding

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 22, 2021

Read twice and referred to the Committee on Finance.

Mar 22, 2021

Introduced in Senate

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Latest action March 22, 2021

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

Building United States Infrastructure and Leveraging Development Act or the BUILD Act

This bill increases from $15 billion to $30 billion the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds.

Related & companion bills 1

Bill text 1 version