3.0.0 6276 2023-01-11T13:42:16Z 2023-01-11T13:42:16Z House HR 2018-06-28 115 [Congressional Record Volume 164, Number 109 (Thursday, June 28, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BISHOP of Michigan:H.R. 6276.Congress has the power to enact this legislation pursuantto the following:United States Constitution, Article I, Section 8, Clause 1and Amendment XVIBy Mr, BISHOP of Michigan:H.R. 6277.Congress has the power to enact this legislation pursuantto the following:United States Constitution, Article I, Section 8, Clause 1and Amendment XVI[Page H5976]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-06-28T13:04:30Z 2018-06-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-06-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-06-28 Introduced in House IntroReferral 1000 9 Library of Congress B001293 Rep. Bishop, Mike [R-MI-8] Mike Bishop R MI 8 N Taxation Employee benefits and pensions Financial services and investments Government employee pay, benefits, personnel management Income tax exclusion Infrastructure development Taxation 00 2018-06-28 Introduced in House 2019-02-28T15:23:34Z Strengthening Pensions through Investment in Infrastructure Act

This bill modifies the criteria for private activity bonds to specify that the use of public infrastructure property by a public pension fund is not considered a private business use. (The private business use test is one of the tests used to determine if a bond is a taxable private activity bond rather than a tax-exempt bond.)

The bill also specifies that public infrastructure property is not considered investment-type property for the purpose of determining whether a bond is a taxable arbitrage bond. (Taxable arbitrage bonds are used to acquire higher yielding investments, or to replace funds which were used directly or indirectly to acquire higher yielding investments.)

]]> Strengthening Pensions through Investment in Infrastructure Act Display Title Strengthening Pensions through Investment in Infrastructure Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to modify the treatment of use of public infrastructure property for the private business use test for private activity bonds, and for other purposes. Introduced in House IH Short Titles as Introduced Strengthening Pensions through Investment in Infrastructure Act Introduced in House 2018-06-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6276ih/xml/BILLS-115hr6276ih.xml 2018-06-28 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.