Build America Bonds Act of 2005

Summary

Build America Bonds Act of 2005 - Amends the Internal Revenue Code to allow an income tax credit to a taxpayer holding a Build America bond on one of its credit allowance dates. Defines a Build America bond as any bond issued by the Transportation Finance Corporation as part of an issue if the net spendable proceeds from the sale of such issue are to be used for expenditures incurred for any qualified project, or for deposit in the Build America Trust Account for repayment of Build America bonds at maturity. Defines: (1) qualified project as any qualified highway project and qualified public transportation project proposed by one or more States and approved by the Transportation Finance Corporation; and (2) qualified highway project as any project of regional or national significance, freight intermodal connector project, multistate corridor program, and border planning and capacity improvement program. Establishes the nonprofit Transportation Finance Corporation to: (1) issue Build America bonds for the financing of qualified projects; (2) establish and operate the Build America Trust Account; (3) leverage resources and stimulate public and private investment in transportation infrastructure; and (4) perform any other function the sole purpose of which is to carry out the financing of qualified projects through Build America bonds.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 February 2005

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1643-1647)

   Source: IntroReferral

2. 17 February 2005

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 16 March 2005

   Floor

   Star Print ordered on the bill.

   Source: Floor

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 17 February 2005 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 February 2005

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 February 2005

  ViewDownloadOpen 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.

• Introduced in Senate

  summary · EN · 17 February 2005

  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

• Sen. Talent, Jim [R-MO] · R · Sponsor
• Sen. Wyden, Ron [D-OR] · D · Sponsor
• Sen. Allen, George [R-VA] · R · Sponsor
• Sen. Coleman, Norm [R-MN] · R · Sponsor
• Sen. Collins, Susan M. [R-ME] · R · Sponsor
• Sen. Corzine, Jon S. [D-NJ] · D · Sponsor
• Sen. Dayton, Mark [D-MN] · D · Sponsor
• Sen. Dole, Elizabeth [R-NC] · R · Sponsor
• Sen. Graham, Lindsey [R-SC] · R · Sponsor
• Sen. Vitter, David [R-LA] · R · Sponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.