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Tax Credits for Infrastructure Bonds: Supporting Public Projects.

This act introduces new tax credits for entities issuing special bonds to finance infrastructure projects in the U.S. This makes it easier for local governments and other public entities to raise funds for building roads, bridges, or water systems, potentially leading to better public services and local development. Citizens may experience improved infrastructure access, although interest from these bonds will be taxable.
Key points
The government will pay 28% of the interest on bonds issued for infrastructure projects, reducing financing costs for issuers.
These bonds must be for public, not private, activities, ensuring funds go to projects benefiting the general public.
Interest on these bonds will be included in gross income for federal tax purposes, a change from traditional municipal bonds.
In case of budget cuts (sequestration), payments to bond issuers will be adjusted to compensate for any reductions.
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Additional Information
Print number: 117_S_1308
Sponsor: Sen. Wicker, Roger F. [R-MS]
Process start date: 2021-04-22
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OFFICIAL LEGAL TITLE

American Infrastructure Bonds Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1308.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-22.

What are the main provisions?

Key points include:

  • The government will pay 28% of the interest on bonds issued for infrastructure projects, reducing financing costs for issuers.
  • These bonds must be for public, not private, activities, ensuring funds go to projects benefiting the general public.
  • Interest on these bonds will be included in gross income for federal tax purposes, a change from traditional municipal bonds.
  • In case of budget cuts (sequestration), payments to bond issuers will be adjusted to compensate for any reductions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Wicker, Roger F. [R-MS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Public Investments Transport