Summary: H.R.6276 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.6276. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/28/2018)

Strengthening Pensions through Investment in Infrastructure Act

This bill modifies the criteria for private activity bonds to specify that the use of public infrastructure property by a public pension fund is not considered a private business use. (The private business use test is one of the tests used to determine if a bond is a taxable private activity bond rather than a tax-exempt bond.)

The bill also specifies that public infrastructure property is not considered investment-type property for the purpose of determining whether a bond is a taxable arbitrage bond. (Taxable arbitrage bonds are used to acquire higher yielding investments, or to replace funds which were used directly or indirectly to acquire higher yielding investments.)