3.0.0 6181 2023-01-11T13:21:34Z 2023-01-11T13:21:34Z House H HR 2010-09-22 111 hswm00 Ways and Means Committee House Standing Referred to 2010-09-22T18:02:00Z 2010-09-22 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2010-09-22 Sponsor introductory remarks on measure. (CR E1690) IntroReferral B00100 9 Library of Congress 2010-09-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-09-22 Introduced in House IntroReferral 1000 9 Library of Congress H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 N D000610 Rep. Deutch, Theodore E. [D-FL-19] Theodore Deutch D FL E. 19 2010-09-22 True K000366 Rep. Klein, Ron [D-FL-22] Ron Klein D FL 22 2010-09-22 True D000210 Rep. Delahunt, Bill [D-MA-10] Bill Delahunt D MA 10 2010-09-29 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2010-11-15 False Taxation Floods and storm protection Income tax credits Income tax exclusion Income tax rates Indian social and development programs Infrastructure development Interest, dividends, interest rates Securities Solid waste and recycling State and local finance Unemployment Water use and supply Taxation 00 2010-09-22 Introduced in House 2010-10-27T18:59:38Z American Infrastructure Investment Act of 2010 - Amends the Internal Revenue Code to extend until January 1, 2013, the period for issuing Build America Bonds and for credits allowable to issuers of such bonds. Allows funding through such bonds for capital expenditures for levees and flood control projects.

Exempts private activity bonds for sewage and water supply facilities from the state volume caps applicable to such bonds. Allows Indian tribal governments to issue tax-exempt private activity bonds to provide water or sewage facilities.

Extends through 2011 the exemption from alternative minimum tax (AMT) treatment of interest on certain tax-exempt bonds.

Extends through 2011 the period for issuing recovery zone economic development bonds and recovery zone facility bonds. Requires the Secretary of the Treasury to allocate 2010 national limitations on recovery bonds based upon state unemployment statistics.

Allows a full offset against the AMT for new market tax credit amounts.

Extends through 2011: (1) the tax exemption allowed for interest on bonds guaranteed by a federal home loan bank; and (2) small issuer rules for the allocation of tax-exempt interest expense by financial institutions.

]]> American Infrastructure Investment Act of 2010 Display Title American Infrastructure Investment Act of 2010 Official Title as Introduced To amend the Internal Revenue Code of 1986 to encourage investments in infrastructure, and for other purposes. Introduced in House IH Short Titles as Introduced American Infrastructure Investment Act of 2010 Introduced in House 2010-09-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6181ih/xml/BILLS-111hr6181ih.xml 2010-09-22 Referred to the House Committee on Ways and Means. 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.