A bill to amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

Bill: 113-s-2050
Sponsor: full_name: Sen. Kirk, Mark Steven [R-IL]
Introduced: 2014-02-27
Policy area: Taxation
Subjects: Income tax exclusion

Railroads

Roads and highways

Securities

Transportation programs funding
Latest action: action_date: 2014-02-27
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2014-02-27
action_desc: Introduced in Senate
text: <p>Amends the Internal Revenue Code to increase from $15 billion to $19 billion&nbsp;the national limitation amount for tax-exempt highway or surface freight transfer facility bonds.</p>

tv_txt: II 113th CONGRESS 2d Session S. 2050 IN THE SENATE OF THE UNITED STATES February 27, 2014 Mr. Kirk introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

1. Increase national limitation amount for qualified highway or surface freight transfer facility bonds (a) In general Subparagraph (A) of section 142(m)(2) of the Internal Revenue Code of 1986 is amended by striking $15,000,000,000 and inserting $19,000,000,000 . (b) Effective date The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.