LOCAL Infrastructure Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 14
- Latest action
- Apr 10, 2025
What it does
The bill would amend the Internal Revenue Code to reinstate advance refunding bonds by repealing provisions from Public Law 115–97 that had eliminated them, effectively restoring the prior tax treatment for such bonds. It would affect state and local governments that issue bonds for infrastructure projects, allowing them to refinance existing debt more flexibly under federal tax rules. The change would take effect upon the bill’s enactment.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.