US SB4754 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on September 29 2020 - 25% progression, died in committee
Action: 2020-09-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 29 2020 - 25% progression, died in committee
Action: 2020-09-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes a program of COVID Recovery Bonds which are treated as exempt facility bonds for tax purposes. It also provides for tax-exempt financing of qualified government buildings. The bill defines qualified government buildings to include (1) an elementary or secondary school, (2) a facility of a state college or university used for educational purposes, (3) a library open to the general public, (4) a court of law, (5) a hospital or health care facility, (6) a laboratory or research facility, and (7) a public safety facility.
Title
A bill to amend the Internal Revenue Code of 1986 to establish COVID Recovery Bonds, and for other purposes.
Sponsors
Sen. David Perdue [R-GA] | Sen. Bill Cassidy [R-LA] |
History
Date | Chamber | Action |
---|---|---|
2020-09-29 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Building construction
Educational facilities and institutions
Electric power generation and transmission
Elementary and secondary education
Emergency medical services and trauma care
Energy storage, supplies, demand
First responders and emergency personnel
Government buildings, facilities, and property
Health facilities and institutions
Higher education
Income tax exclusion
Interest, dividends, interest rates
Judicial procedure and administration
Libraries and archives
Oil and gas
Securities
State and local finance
Taxation
Educational facilities and institutions
Electric power generation and transmission
Elementary and secondary education
Emergency medical services and trauma care
Energy storage, supplies, demand
First responders and emergency personnel
Government buildings, facilities, and property
Health facilities and institutions
Higher education
Income tax exclusion
Interest, dividends, interest rates
Judicial procedure and administration
Libraries and archives
Oil and gas
Securities
State and local finance
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4754/all-info |
Text | https://www.congress.gov/116/bills/s4754/BILLS-116s4754is.pdf |