TRIP Bonds Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 27, 2013)
Transportation and Regional Infrastructure Project Bonds Act of 2013 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by or for the benefit of a state infrastructure bank as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a TRIP Bonds Trust Account (including one or more subaccounts).
Defines "qualified project" as a capital transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank, as well as any flood damage risk reduction project with a completed Report of the Chief of Engineers of the Army Corps of Engineers.
What just happenedJun 27, 2013
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJun 27, 2013
- Jun 27, 2013IntroReferralH11100
Referred to the House Committee on Ways and Means.
- Jun 27, 2013IntroReferralIntro-H
Introduced in House
- Jun 27, 2013IntroReferral1000
Introduced in House