Summary: S.4129 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.4129. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (07/01/2020)

Lifting Our Communities through Advance Liquidity for Infrastructure Act or the LOCAL Infrastructure Act

This bill reinstates tax provisions relating to advance refunding bonds. An advance refunding bond is a tax-exempt bond issued by a state or municipality to refinance or consolidate existing bond obligations.