To amend the Internal Revenue Code of 1986 to provide a credit for American infrastructure bonds, and for other purposes.
Local Infrastructure Financing Tools Act or the LIFT Act
This bill allows the issuer of an American Infrastructure Bond a credit with respect to each interest payment under such bond.
The bill restores advance refundings of bonds to allow states and localities to refinance existing debt.
The bill increases to $30 million the limitation on bank-qualified debt for small municipal and nonprofit issuers.
Referred to the House Committee on Ways and Means.
Became Public Law No: 117-169.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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