US Codex
Bill
Notes

Building United States Infrastructure and Leveraging Development Act

S. 352 · 116th Congress · Feb 6, 2019 · 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.

1. Short title

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

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.