3.0.0 992 2022-02-03T06:02:54Z 2022-02-03T06:02:54Z House H HR 2011-03-10 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LEVIN:H.R. 992.Congress has the power to enact this legislation pursuantto the following:The Congress enacts this bill pursuant to Sections 7 and 8of Article I of the United States Constitution and AmendmentXVI of the United States Constitution.[Page H1725]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-03-10T15:03:05Z Build America Bonds to Create Jobs Now Act of 2011 112 11 HR 2011-02-10 Referred to the House Committee on Ways and Means. Related bill CRS Build America Bonds Extension for Rural and Urban Transportation and Highways Act of 2011 112 736 HR 2011-02-16 Referred to the House Committee on Ways and Means. Related bill CRS Build America Bonds Extension Act of 2011 112 747 HR 2011-02-16 Referred to the House Committee on Ways and Means. Related bill CRS 2011-03-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-03-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-03-10 Introduced in House IntroReferral 1000 9 Library of Congress L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 N R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2011-03-10 True S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2011-03-10 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2011-03-10 True L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2011-03-10 True N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2011-03-10 True B000287 Rep. Becerra, Xavier [D-CA-31] XAVIER BECERRA D CA 31 2011-03-10 True T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2011-03-10 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2011-03-10 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2011-03-10 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2011-03-10 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2011-03-10 True B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2011-03-10 True C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2011-03-10 True D000355 Rep. Dingell, John D. [D-MI-15] JOHN DINGELL D MI D. 15 2011-03-11 False H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2011-03-30 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2011-05-04 False C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2011-05-10 False G000559 Rep. Garamendi, John [D-CA-10] John Garamendi D CA 10 2011-06-01 False S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2011-07-11 False R000011 Rep. Rahall, Nick J., II [D-WV-3] NICK RAHALL D WV J. 3 2011-07-21 False N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2011-09-08 False Taxation Economic development Financial services and investments Government lending and loan guarantees Housing finance and home ownership Income tax credits Income tax deductions Income tax exclusion Income tax rates Interest, dividends, interest rates Low- and moderate-income housing Securities Solid waste and recycling State and local finance Water resources funding Taxation 00 2011-03-10 Introduced in House 2011-03-30T21:14:52Z Building American Jobs Act of 2011 - Amends the Internal Revenue Code, with respect to the Build America Bond program, to: (1) extend until December 31, 2012, the authority to issue such bonds and the authority for payments to issuers of such bonds; (2) reduce the percentage rate of payments to issuers in 2011 and 2012; (3) allow refundings of currently issued bonds; and (4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects.

Extends through 2011 the authority to issue recovery zone economic development bonds. Requires the Secretary of the Treasury to allocate 2011 national limitations on such bonds based upon state unemployment statistics.

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: (1) the exemption from alternative minimum tax (AMT) treatment of interest on certain tax-exempt bonds, (2) the tax exemption allowed for interest on bonds guaranteed by a federal home loan bank, and (3) small issuer rules for the allocation of tax-exempt interest expense by financial institutions.

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

Allows taxpayers to elect payments in lieu of low-income housing tax credits in 2011 for low-income buildings financed by tax-exempt bonds.

]]> Building American Jobs Act of 2011 Short Titles as Introduced Building American Jobs Act of 2011 Display Title Building American Jobs Act of 2011 Official Title as Introduced To amend the Internal Revenue Code of 1986 to create jobs through increased investment in infrastructure, and for other purposes. Introduced in House 2011-03-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr992ih/xml/BILLS-112hr992ih.xml 2011-03-10 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.