Text: S.2320 — 115th Congress (2017-2018)All Information (Except Text)

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Introduced in Senate (01/18/2018)


115th CONGRESS
2d Session
S. 2320


To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.


IN THE SENATE OF THE UNITED STATES

January 18, 2018

Mr. Cornyn (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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

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

SEC. 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.


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