A bill to amend the Internal Revenue Code of 1986 to establish COVID Recovery Bonds, and for other purposes.

Summary

This bill establishes a program of COVID Recovery Bonds which are treated as exempt facility bonds for tax purposes. It also provides for tax-exempt financing of qualified government buildings. The bill defines qualified government buildings to include (1) an elementary or secondary school, (2) a facility of a state college or university used for educational purposes, (3) a library open to the general public, (4) a court of law, (5) a hospital or health care facility, (6) a laboratory or research facility, and (7) a public safety facility.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 29 September 2020

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 29 September 2020

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 29 September 2020

  Open at official source

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