IN THE SENATE OF THE UNITED STATES
March 22, 2021
Mr. Cornyn introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.
This Act may be cited as the
Building United States Infrastructure and Leveraging Development Act or the
Increase national limitation amount for qualified highway or surface freight transfer facility bonds
Section 142(m)(2)(A) of the Internal Revenue Code of 1986 is amended by striking
$15,000,000,000 and inserting
The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.