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S. 4129

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
About This Bill
Committee
Latest Action · July 1, 2020
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
July 1, 2020
Cosponsors (17)
9D 8R
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Summary

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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.

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