Senate Bill 479
117th Congress(2021-2022)
LOCAL Infrastructure Act
Introduced
Introduced
Introduced in Senate on Feb 25, 2021
Overview
Text
Introduced
Feb 25, 2021
Latest Action
Feb 25, 2021
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
479
Congress
117
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.
Sponsorship by Party
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.

Text (1)
February 25, 2021
Actions (2)
02/25/2021
Read twice and referred to the Committee on Finance.
02/25/2021
Introduced in Senate
Public Record
Created
Feb 26, 2021 5:57:13 AM
Updated
Jun 11, 2021 10:23:53 PM