US HB1251 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-02-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allows tax-exempt financing of certain government-owned buildings by expanding the definition of "exempt facility bond" to include bonds used for qualified government buildings. A qualified government building is a government-owned building or facility that consists of one or more of the following an elementary or secondary school; facilities of a state college or university used for educational purposes; a public library; a court; hospital, health care, laboratory, or research facilities; public safety facilities; or offices for government employees. The bill excludes buildings or facilities that include specified recreational equipment or are used for the primary purpose of providing retail food and beverage services, recreation, or entertainment. The bill establishes (1) a $5 billion limit on the amount of tax-exempt financing which may be provided for government buildings, and (2) procedures for allocating and applying for the financing. The bill exempts the bonds for government buildings from the volume cap on private activity bonds.

Tracking Information

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Title

Public Buildings Renewal Act of 2019

Sponsors


History

DateChamberAction
2019-02-14HouseReferred to the House Committee on Ways and Means.
2019-02-14HouseSponsor introductory remarks on measure. (CR E182)
2019-02-14HouseIntroduced in House

Same As/Similar To

SB932 (Related) 2019-03-28 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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