TRIP Bonds Act

Summary

Transportation and Regional Infrastructure Project Bonds Act of 2011 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by a state infrastructure bank as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a TRIP Bonds Trust Account. Defines "qualified project" as the capital improvements to any transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through specified dates in 2048.

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Timeline

1. 28 July 2011

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 28 July 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 28 July 2011 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 July 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 July 2011

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 July 2011

  Open at official source

Sponsors

• Ron Wyden · D · Sponsor
• John Hoeven · R · Sponsor
• Sen. Begich, Mark [D-AK] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → TRIP Bonds Act