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

Bill: 114-hr-6085
Sponsor: full_name: Rep. Johnson, Eddie Bernice [D-TX-30]
Introduced: 2016-09-20
Policy area: Taxation
Subjects: Income tax exclusion

Motor carriers

Railroads

Roads and highways

Securities

State and local finance

Transportation programs funding
Latest action: action_date: 2016-09-20
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-09-20
action_desc: Introduced in House
text: <p>This bill amends the Internal Revenue Code to increase from $15 billion to $20.8 billion the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 6085 IN THE HOUSE OF REPRESENTATIVES September 20, 2016 Ms. Eddie Bernice Johnson of Texas (for herself, Mr. Hanna , Mr. Cicilline , Mr. Blumenauer , Mr. Kilmer , and Ms. Norton ) introduced the following bill; which was referred to the Committee on Ways and Means 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 Section 142(m)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $15,000,000,000 and inserting $20,800,000,000 . (b) Effective date The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.