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S. 1453

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
About This Bill
Committee
Latest Action · May 4, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
May 4, 2023
Cosponsors (19)
13D 5R
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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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