Senate Bill 4129
116th Congress(2019-2020)
LOCAL Infrastructure Act
Introduced
Introduced in Senate on Jul 1, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4129
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
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.
July 1, 2020
07/01/2020
Read twice and referred to the Committee on Finance.
07/01/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:45:42 PM