S. 836 · 112th Congress
Transportation Access for All Americans Act
- Stage
- In committee
- Sponsor
- Jeff Bingaman
- Introduced
- 2011-04-14
- Latest action
- 2011-04-14 · Introduced in Senate
Summary
Transportation Access for All Americans Act - Amends the Internal Revenue Code to: (1) allow accelerated depreciation of applicable leased highway property, and (2) provide for amortization of intangibles relating to such property. Defines "applicable leased highway property" as property subject to a lease between a taxpayer and a governmental entity under which the taxpayer leases a highway and associated improvements, receives a right-of-way on public lands underlying such highway and improvements, and receives a grant of a franchise or other intangible right to receive payments relating to the operation of such highway. Prohibits private activity bond financing of applicable leased highway property.