Bill Sponsor
Senate Bill 1299
117th Congress(2021-2022)
Public Buildings Renewal Act of 2021
Introduced
Introduced
Introduced in Senate on Apr 22, 2021
Overview
Text
Sponsor
Introduced
Apr 22, 2021
Latest Action
Apr 22, 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
1299
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
Republican
Indiana
Democrat
Maryland
Republican
South Carolina
Republican
South Carolina
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Public Buildings Renewal Act of 2021

This bill allows tax-exempt financing of certain government-owned buildings by expanding the definition of exempt facility bond to include bonds used for qualified government buildings.

A qualified government building is a government-owned building or facility that consists of one or more of the following

  • an elementary or secondary school;
  • a facility of a state college or university used for educational purposes;
  • a public library;
  • a court;
  • a hospital or health care facility;
  • a laboratory or research facility used by a governmental unit;
  • a public safety facility; or
  • an office for government employees.

The bill excludes buildings or facilities that include specified recreational equipment or are used for the primary purpose of providing retail food and beverage services, recreation, or entertainment.

The bill establishes (1) a $5 billion limit on the amount of tax-exempt financing which may be provided for government buildings, and (2) procedures for allocating and applying for the financing.

The bill exempts the bonds for government buildings from the volume cap on private activity bonds.

Text (1)
April 22, 2021
Actions (2)
04/22/2021
Read twice and referred to the Committee on Finance.
04/22/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:49:13 PM