skip to main content

S. 2320 (115th): BUILD Act

The text of the bill below is as of Jan 18, 2018 (Introduced).


II

115th CONGRESS

2d Session

S. 2320

IN THE SENATE OF THE UNITED STATES

January 18, 2018

(for himself and Mr. Warner) introduced the following bill; which was read twice and referred to the Committee on Finance

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.

1.

Short title

This Act may be cited as the Building United States Infrastructure and Leveraging Development Act or the BUILD Act.

2.

Increase national limitation amount for qualified highway or surface freight transfer facility bonds

(a)

In general

Section 142(m)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $15,000,000,000 and inserting $20,800,000,000.

(b)

Effective date

The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.