United StatesSenate Bill 1481S 1481
LOCAL Infrastructure Act
Taxation
2 pages
- senate
- house
- president
Last progress April 10, 2025 (8 months ago)
Introduced on April 10, 2025 by Roger F. Wicker
Sponsors (14)
House Votes
Vote Data Not Available
Senate Votes
Pending Committee
April 10, 2025 (8 months ago)Read twice and referred to the Committee on Finance.
Presidential Signature
Signature Data Not Available
AI Summary
This bill brings back “advance refunding bonds” by undoing a past tax law change. It restores the old rules as if the change had never happened, and it would start on the day it becomes law .
Key points:
- What changes: Advance refunding bonds are reinstated by reversing an earlier amendment to the tax code .
- When it starts: On the date the bill is enacted .
- Why it matters: It returns the prior law related to these bonds, which were previously removed by that earlier amendment .
Text Versions
Text as it was Introduced in Senate
ViewApril 10, 2025•2 pages
Amendments
No Amendments