A bill to amend the Internal Revenue Code of 1986 to establish COVID Recovery Bonds, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 29, 2020)
This bill establishes a program of COVID Recovery Bonds which are treated as exempt facility bonds for tax purposes. It also provides for tax-exempt financing of qualified government buildings. The bill defines qualified government buildings to include (1) an elementary or secondary school, (2) a facility of a state college or university used for educational purposes, (3) a library open to the general public, (4) a court of law, (5) a hospital or health care facility, (6) a laboratory or research facility, and (7) a public safety facility.
What just happenedSep 29, 2020
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateSep 29, 2020
- Sep 29, 2020IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Sep 29, 2020IntroReferral10000
Introduced in Senate