Legis Daily

Public Buildings Renewal Act of 2019

USA116th CongressS-932| Senate 
| Updated: 3/28/2019
Todd Young

Todd Young

Republican Senator

Indiana

Cosponsors (5)
Catherine Cortez Masto (Democratic)Lindsey Graham (Republican)Tim Scott (Republican)Michael F. Bennet (Democratic)Benjamin L. Cardin (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Public Buildings Renewal Act of 201 9 This bill allows tax-exempt financing of certain government-owned buildings by expanding the definition of "exempt facility bond" to include bonds used for qualified government buildings. A qualified government building is a government-owned building or facility that consists of one or more of the following an elementary or secondary school; a facility of a state college or university used for educational purposes; a public library; a court; a hospital or health care facility; a laboratory or research facility used by a governmental unit; a public safety facility; or an office for government employees. The bill excludes buildings or facilities that include specified recreational equipment or are used for the primary purpose of providing retail food and beverage services, recreation, or entertainment. The bill establishes (1) a $5 billion limit on the amount of tax-exempt financing which may be provided for government buildings, and (2) procedures for allocating and applying for the financing. The bill exempts the bonds for government buildings from the volume cap on private activity bonds.
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Timeline
Feb 14, 2019

Latest Companion Bill Action

HR 116-1251
Introduced in House
Mar 28, 2019
Introduced in Senate
Mar 28, 2019
Read twice and referred to the Committee on Finance.
  • February 14, 2019

    Latest Companion Bill Action

    HR 116-1251
    Introduced in House


  • March 28, 2019
    Introduced in Senate


  • March 28, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-1251: Public Buildings Renewal Act of 2019
Building constructionEducational facilities and institutionsElementary and secondary educationGovernment buildings, facilities, and propertyHealth facilities and institutionsHigher educationIncome tax exclusionLaw enforcement administration and fundingLibraries and archivesResearch administration and fundingSecurities

Public Buildings Renewal Act of 2019

USA116th CongressS-932| Senate 
| Updated: 3/28/2019
Public Buildings Renewal Act of 201 9 This bill allows tax-exempt financing of certain government-owned buildings by expanding the definition of "exempt facility bond" to include bonds used for qualified government buildings. A qualified government building is a government-owned building or facility that consists of one or more of the following an elementary or secondary school; a facility of a state college or university used for educational purposes; a public library; a court; a hospital or health care facility; a laboratory or research facility used by a governmental unit; a public safety facility; or an office for government employees. The bill excludes buildings or facilities that include specified recreational equipment or are used for the primary purpose of providing retail food and beverage services, recreation, or entertainment. The bill establishes (1) a $5 billion limit on the amount of tax-exempt financing which may be provided for government buildings, and (2) procedures for allocating and applying for the financing. The bill exempts the bonds for government buildings from the volume cap on private activity bonds.
View Full Text

Suggested Questions

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

Timeline
Feb 14, 2019

Latest Companion Bill Action

HR 116-1251
Introduced in House
Mar 28, 2019
Introduced in Senate
Mar 28, 2019
Read twice and referred to the Committee on Finance.
  • February 14, 2019

    Latest Companion Bill Action

    HR 116-1251
    Introduced in House


  • March 28, 2019
    Introduced in Senate


  • March 28, 2019
    Read twice and referred to the Committee on Finance.
Todd Young

Todd Young

Republican Senator

Indiana

Cosponsors (5)
Catherine Cortez Masto (Democratic)Lindsey Graham (Republican)Tim Scott (Republican)Michael F. Bennet (Democratic)Benjamin L. Cardin (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 116-1251: Public Buildings Renewal Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Building constructionEducational facilities and institutionsElementary and secondary educationGovernment buildings, facilities, and propertyHealth facilities and institutionsHigher educationIncome tax exclusionLaw enforcement administration and fundingLibraries and archivesResearch administration and fundingSecurities