Legis Daily

LIFT Act

USA117th CongressHR-2634| House 
| Updated: 4/16/2021
Terri A. Sewell

Terri A. Sewell

Democratic Representative

Alabama

Cosponsors (1)
Paul Tonko (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 116-5664
LIFT Act
Apr 16, 2021
Introduced in House
Apr 16, 2021
Referred to the House Committee on Ways and Means.
Jul 29, 2021

Latest Companion Bill Action

S 117-2552
Introduced in Senate
  • Bill from Previous Congress

    HR 116-5664
    LIFT Act


  • April 16, 2021
    Introduced in House


  • April 16, 2021
    Referred to the House Committee on Ways and Means.


  • July 29, 2021

    Latest Companion Bill Action

    S 117-2552
    Introduced in Senate

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-2288: Investing in Our Communities Act
Income tax exclusionInfrastructure developmentInterest, dividends, interest ratesSecuritiesState and local finance

LIFT Act

USA117th CongressHR-2634| House 
| Updated: 4/16/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5664
LIFT Act
Apr 16, 2021
Introduced in House
Apr 16, 2021
Referred to the House Committee on Ways and Means.
Jul 29, 2021

Latest Companion Bill Action

S 117-2552
Introduced in Senate
  • Bill from Previous Congress

    HR 116-5664
    LIFT Act


  • April 16, 2021
    Introduced in House


  • April 16, 2021
    Referred to the House Committee on Ways and Means.


  • July 29, 2021

    Latest Companion Bill Action

    S 117-2552
    Introduced in Senate
Terri A. Sewell

Terri A. Sewell

Democratic Representative

Alabama

Cosponsors (1)
Paul Tonko (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-2288: Investing in Our Communities Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax exclusionInfrastructure developmentInterest, dividends, interest ratesSecuritiesState and local finance