U.S. Congress - S.2021 Build America Bonds Act of 2007
S.2021 - Build America Bonds Act of 2007
A bill to provide $50,000,000,000 in new transportation infrastructure funding through bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation, including roads, bridges, rail and transit systems, ports, and inland waterways, and for other purposes. view all titles (2)
All Bill Titles
- Official: A bill to provide $50,000,000,000 in new transportation infrastructure funding through bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation, including roads, bridges, rail and transit systems, ports, and inland waterways, and for other purposes. as introduced.
- Short: Build America Bonds Act of 2007 as introduced.
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Official Summary
9/6/2007--Introduced.Build America Bonds Act of 2007 - Amends the Internal Revenue Code to allow an income tax credit to a taxpayer holding a Build America bond on one or more of its credit allowance dates. Defines a "Build America bond" as any bond issued by the Transportation FOfficial Summary
9/6/2007--Introduced.Build America Bonds Act of 2007 - Amends the Internal Revenue Code to allow an income tax credit to a taxpayer holding a Build America bond on one or more of its credit allowance dates. Defines a "Build America bond" as any bond issued by the Transportation Finance Corporation as part of an issue if 95% or more of the proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a Build America Bonds Trust Account. Defines "qualified project" as the capital improvements to any transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed by one or more states and approved by the Transportation Finance Corporation. Grants Congress' consent and recognition to the establishment by two or more state infrastructure banks of the Transportation Finance Corporation. Authorizes the Transportation Finance Corporation to:
(1) issue Build America bonds for the financing of qualified projects;
(2) establish and operate the Build America Bonds Trust Account;
(3) leverage resources and stimulate public and private investment in transportation infrastructure; and
(4) perform any other function the sole purpose of which is to carry out the financing of qualified projects through Build America bonds. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through October 14, 2026.
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Recent Blog Coverage
Financing the Productive Economy: The Heartland Development Bank ...
Wyden or Oregon has introduced legislation (S. 2021) that calls for 50 billion dollars in infrastructure bonding through the issue of "Build America Bonds." In the House, there have also been moves towards proposing new solutions, ...
Public-Private Partnerships at the Crossroads | Planetizen
Dodd (D-CT) and Hagel (R-NE), and the "Build America Bonds" program (S. 2021) proposed by Sens. Thune (R-SD) and Wyden (D-OR). Both initiatives would create a de facto national capital budget that could be used to fund "qualified public ...
TTC News Archives: Lobbyists at 'intelligent design' conservative ...
Christopher Dodd (D-CT) and Hagel, and the "Build America Bonds" program (S. 2021) proposed by Sens. John Thune (R-SD) and Ron Wyden (D-OR, below at left). Both initiatives would create a de facto national capital budget ...
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