S. 479 - Lifting Our Communities through Advance Liquidity for (LOCAL) Infrastructure Act
S. 479; Lifting Our Communities through Advance Liquidity for (LOCAL) Infrastructure Act
- AuthorsWicker, Sen. Roger F.
- Institutional AuthorsU.S. Senate
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2021-8123
- Tax Analysts Electronic Citation2021 TNTF 39-20
117TH CONGRESS
1ST SESSION
S. 479
To amend the Internal Revenue Code of 1986
to reinstate advance refunding bonds.
IN THE SENATE OF THE UNITED STATES
FEBRUARY 25, 2021
Mr. WICKER (for himself, Ms. STABENOW, Mr. BARRASSO,
Mr. BENNET, Mr. INHOFE, Ms. BALDWIN, Mrs. CAPITO,
Mr. MENENDEZ, Mr. MORAN, Mrs. SHAHEEN, Ms. MIRKOWSKI,
Mr. VAN HOLLEN, Mrs. FISCHER, Mr. BOOZMAN, and Ms. ROSEN)
introduced the following bill; which was read twice
and referred to the Committee on _____
A BILL
To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Lifting Our Communities through Advance Liquidity for Infrastructure Act” or the “LOCAL Infrastructure Act”.
SEC. 2. REINSTATEMENT OF ADVANCE REFUNDING BONDS.
(a) IN GENERAL. — The amendments made by section 13532 of Public Law 115-97 are repealed and the provisions of law amended by such section arc restored as if such section had never been enacted.
(b) EFFECTIVE DATE. — The repeal made by this section shall take effect on the date of enactment of this Act.
- AuthorsWicker, Sen. Roger F.
- Institutional AuthorsU.S. Senate
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2021-8123
- Tax Analysts Electronic Citation2021 TNTF 39-20