US Codex
Bill
Notes

Building United States Infrastructure and Leveraging Development Act

S. 2320 · 115th Congress · Jan 18, 2018 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

Section 1 Short title

This Act may be cited as the “Building United States Infrastructure and Leveraging Development Act” or the “BUILD Act”.

Sec. 2 Increase national limitation amount for qualified highway or surface freight transfer facility bonds

(a)
In general— Section 142(m)(2)(A) of the Internal Revenue Code of 1986 is amended by striking “$15,000,000,000” and inserting “$20,800,000,000”.
(b)
Effective date— The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.