House Bill 2634
117th Congress(2021-2022)
LIFT Act
Introduced
Introduced in House on Apr 16, 2021
Origin Chamber
House
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
2634
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.
No House votes have been held for this bill.
Summary
Local Infrastructure Financing Tools Act or the LIFT Act
This bill allows the issuer of an American Infrastructure Bond a credit with respect to each interest payment under such bond.
The bill restores advance refundings of bonds to allow states and localities to refinance existing debt.
The bill increases to $30 million the limitation on bank-qualified debt for small municipal and nonprofit issuers.
April 16, 2021
04/16/2021
Referred to the House Committee on Ways and Means.
04/16/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:43 PM