A bill to amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
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.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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