S. 1453 · 118th Congress
Lifting Our Communities through Advance Liquidity for Infrastructure Act
- Stage
- In committee
- Sponsor
- Roger Wicker
- Introduced
- 2023-05-04
- Latest action
- 2023-05-04 · Introduced in Senate
Summary
Lifting Our Communities through Advance Liquidity for Infrastructure Act or the LOCAL Infrastructure Act
This bill reinstates tax provisions relating to advance refunding bonds. An advance refunding bond is a tax-exempt bond issued by a state or municipality to refinance or consolidate existing bond obligations.