Move America Act of 2019

Summary

Move America Act of 201 9 This bill allows tax-exempt Move America bonds and Move America tax credits to be used for certain infrastructure projects. A Move America bond is treated as a tax-exempt private facility bond with certain exceptions. At least 95% of the net proceeds from the issuance of the bond must be used for infrastructure projects, including airports; docks and wharves; mass commuting facilities; facilities for the furnishing of water; sewage facilities; railroads; certain surface transportation projects eligible for federal assistance, projects for an international bridge or tunnel, or facilities for transferring freight from truck to rail or rail to truck; flood diversions; inland waterways; or rural broadband service infrastructure. The bill specifies exceptions and modifications to existing rules for bonds regarding land acquisition, government ownership, rehabilitation expenditures, and the alternative minimum tax. The bonds are subject to a volume cap equal to 50% of a state's current private activity bond volume cap. States may exchange all or a portion of the volume cap for Move America tax credits to be allocated to taxpayers. The credits include (1) an equity credit for a portion of the basis of each qualified facility; and (2) an infrastructure fund credit for investments in qualified infrastructure funds, including a state infrastructure bank, a water pollution control revolving fund, or a drinking water treatment revolving loan fund.

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Timeline

1. 5 March 2019

   Introduced

   Sponsor introductory remarks on measure. (CR E244)

   Source: IntroReferral

2. 5 March 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 March 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

4. 5 March 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 March 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 March 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 March 2019

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 5 March 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. Walorski, Jackie [R-IN-2] · R · Sponsor
• Rep. Pence, Greg [R-IN-6] · R · Cosponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• Rep. Maloney, Sean Patrick [D-NY-18] · D · Cosponsor
• Rep. Murphy, Stephanie N. [D-FL-7] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Move America Act of 2019