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Move America Act of 2019

USA116th CongressHR-1508| House 
| Updated: 3/5/2019
Earl Blumenauer

Earl Blumenauer

Democratic Representative

Oregon

Cosponsors (5)
Stephanie N. Murphy (Democratic)Jackie Walorski (Republican)Sean Patrick Maloney (Democratic)Brian K. Fitzpatrick (Republican)Greg Pence (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Move America Act of 201 9 This bill allows tax-exempt Move America bonds and Move America tax credits to be used for certain infrastructure projects. A Move America bond is treated as a tax-exempt private facility bond with certain exceptions. At least 95% of the net proceeds from the issuance of the bond must be used for infrastructure projects, including airports; docks and wharves; mass commuting facilities; facilities for the furnishing of water; sewage facilities; railroads; certain surface transportation projects eligible for federal assistance, projects for an international bridge or tunnel, or facilities for transferring freight from truck to rail or rail to truck; flood diversions; inland waterways; or rural broadband service infrastructure. The bill specifies exceptions and modifications to existing rules for bonds regarding land acquisition, government ownership, rehabilitation expenditures, and the alternative minimum tax. The bonds are subject to a volume cap equal to 50% of a state's current private activity bond volume cap. States may exchange all or a portion of the volume cap for Move America tax credits to be allocated to taxpayers. The credits include (1) an equity credit for a portion of the basis of each qualified facility; and (2) an infrastructure fund credit for investments in qualified infrastructure funds, including a state infrastructure bank, a water pollution control revolving fund, or a drinking water treatment revolving loan fund.
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Timeline
Jan 16, 2019

Latest Companion Bill Action

S 116-146
Introduced in Senate
Mar 5, 2019
Introduced in House
Mar 5, 2019
Referred to the House Committee on Ways and Means.
Mar 5, 2019
Sponsor introductory remarks on measure. (CR E244)
  • January 16, 2019

    Latest Companion Bill Action

    S 116-146
    Introduced in Senate


  • March 5, 2019
    Introduced in House


  • March 5, 2019
    Referred to the House Committee on Ways and Means.


  • March 5, 2019
    Sponsor introductory remarks on measure. (CR E244)

Taxation

Related Bills

  • S 116-146: Move America Act of 2019
Aviation and airportsFloods and storm protectionGovernment information and archivesGovernment lending and loan guaranteesIncome tax creditsIncome tax exclusionInfrastructure developmentInternet and video servicesInternet, web applications, social mediaMarine and inland water transportationNavigation, waterways, harborsPublic transitRailroadsRoads and highwaysSecuritiesSolid waste and recyclingState and local financeTransportation programs fundingWater qualityWater resources fundingWater use and supply

Move America Act of 2019

USA116th CongressHR-1508| House 
| Updated: 3/5/2019
Move America Act of 201 9 This bill allows tax-exempt Move America bonds and Move America tax credits to be used for certain infrastructure projects. A Move America bond is treated as a tax-exempt private facility bond with certain exceptions. At least 95% of the net proceeds from the issuance of the bond must be used for infrastructure projects, including airports; docks and wharves; mass commuting facilities; facilities for the furnishing of water; sewage facilities; railroads; certain surface transportation projects eligible for federal assistance, projects for an international bridge or tunnel, or facilities for transferring freight from truck to rail or rail to truck; flood diversions; inland waterways; or rural broadband service infrastructure. The bill specifies exceptions and modifications to existing rules for bonds regarding land acquisition, government ownership, rehabilitation expenditures, and the alternative minimum tax. The bonds are subject to a volume cap equal to 50% of a state's current private activity bond volume cap. States may exchange all or a portion of the volume cap for Move America tax credits to be allocated to taxpayers. The credits include (1) an equity credit for a portion of the basis of each qualified facility; and (2) an infrastructure fund credit for investments in qualified infrastructure funds, including a state infrastructure bank, a water pollution control revolving fund, or a drinking water treatment revolving loan fund.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 16, 2019

Latest Companion Bill Action

S 116-146
Introduced in Senate
Mar 5, 2019
Introduced in House
Mar 5, 2019
Referred to the House Committee on Ways and Means.
Mar 5, 2019
Sponsor introductory remarks on measure. (CR E244)
  • January 16, 2019

    Latest Companion Bill Action

    S 116-146
    Introduced in Senate


  • March 5, 2019
    Introduced in House


  • March 5, 2019
    Referred to the House Committee on Ways and Means.


  • March 5, 2019
    Sponsor introductory remarks on measure. (CR E244)
Earl Blumenauer

Earl Blumenauer

Democratic Representative

Oregon

Cosponsors (5)
Stephanie N. Murphy (Democratic)Jackie Walorski (Republican)Sean Patrick Maloney (Democratic)Brian K. Fitzpatrick (Republican)Greg Pence (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 116-146: Move America Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Aviation and airportsFloods and storm protectionGovernment information and archivesGovernment lending and loan guaranteesIncome tax creditsIncome tax exclusionInfrastructure developmentInternet and video servicesInternet, web applications, social mediaMarine and inland water transportationNavigation, waterways, harborsPublic transitRailroadsRoads and highwaysSecuritiesSolid waste and recyclingState and local financeTransportation programs fundingWater qualityWater resources fundingWater use and supply