3.0.0 428 2019-11-15T21:52:33Z 2019-11-15T21:52:33Z Senate S S 2005-02-17 109 ssfi00 Finance Committee Senate Standing Referred to 2005-02-17T20:08:29Z 2005-03-16 Senate Star Print ordered on the bill. Floor 2005-02-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1643-1647) IntroReferral 2005-02-17 Introduced in Senate IntroReferral 10000 9 Library of Congress T000024 Sen. Talent, Jim [R-MO] JIM TALENT R MO N W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2005-02-17 True A000121 Sen. Allen, George [R-VA] GEORGE ALLEN R VA F. 2005-02-17 True C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2005-02-17 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2005-02-17 True C001042 Sen. Corzine, Jon S. [D-NJ] JON CORZINE D NJ S. 2005-02-17 True D000596 Sen. Dayton, Mark [D-MN] MARK DAYTON D MN 2005-02-17 True D000601 Sen. Dole, Elizabeth [R-NC] Elizabeth Dole R NC H. 2005-02-17 True G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2005-02-17 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2005-02-17 True D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN 2005-04-27 False Taxation Border patrols Boundaries Canada Capital investments Commerce Corporations Economics and Public Finance Environmental Protection Environmental assessment Federal aid to transportation Finance and Financial Sector Freight Government trust funds Highway finance Highway planning Immigration Income tax Infrastructure Intermodal transportation Job creation Labor and Employment Latin America Mass rapid transit Mexico Mutual funds Public-private partnerships Railroad finance Railroad freight operations Railroad passenger traffic Regional economic development Right-of-way Road construction Security measures Tax credits Tax-exempt organizations Tax-exempt securities Traffic accidents and safety Transportation and Public Works Transportation planning Transportation safety Taxation 00 2005-02-17 Introduced in Senate 2005-03-04T19:33:30Z Build America Bonds Act of 2005 - Amends the Internal Revenue Code to allow an income tax credit to a taxpayer holding a Build America bond on one of its credit allowance dates.

Defines a Build America bond as any bond issued by the Transportation Finance Corporation as part of an issue if the net spendable proceeds from the sale of such issue are to be used for expenditures incurred for any qualified project, or for deposit in the Build America Trust Account for repayment of Build America bonds at maturity.

Defines: (1) qualified project as any qualified highway project and qualified public transportation project proposed by one or more States and approved by the Transportation Finance Corporation; and (2) qualified highway project as any project of regional or national significance, freight intermodal connector project, multistate corridor program, and border planning and capacity improvement program.

Establishes the nonprofit Transportation Finance Corporation to: (1) issue Build America bonds for the financing of qualified projects; (2) establish and operate the Build America Trust Account; (3) leverage resources and stimulate public and private investment in transportation infrastructure; and (4) perform any other function the sole purpose of which is to carry out the financing of qualified projects through Build America bonds.

]]> Build America Bonds Act of 2005 Short Titles as Introduced Build America Bonds Act of 2005 Display Title Build America Bonds Act of 2005 Official Title as Introduced A bill to provide $30,000,000,000 in new transportation infrastructure funding in addition to TEA-21 levels through bonding to empower States and local governments to complete significant long-term capital improvement projects for highways, public transportation systems, and rail systems, and for other purposes. Introduced in Senate 2005-02-17T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s428is/xml/BILLS-109s428is.xml 2005-03-16 Star Print ordered on the bill. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.