To amend the Internal Revenue Code of 1986 to provide for the tax-exempt financing of certain government-owned buildings.
Latest action · Feb 7, 2017 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 7, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill amends the Internal Revenue Code to permit the 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;
- facilities of a state college or university used for educational purposes;
- a public library;
- a court;
- hospital, health care, laboratory, or research facilities;
- public safety facilities; or
- offices 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.
Cosponsors 28
Members who signed on, in the order they did. Signatures ran from Feb 7, 2017 to Nov 8, 2017; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Carlos Curbelo | Original | Feb 7, 2017 |
| D-OR | Earl Blumenauer | Original | Feb 7, 2017 |
| R-OH | James B. Renacci | Original | Feb 7, 2017 |
| R-NY | Lee M. Zeldin | Original | Feb 7, 2017 |
| R-KS | Lynn Jenkins | Original | Feb 7, 2017 |
| D-WI | Ron Kind | Original | Feb 7, 2017 |
| R-PA | Scott Perry | Original | Feb 7, 2017 |
| R-TX | Will Hurd | Original | Feb 7, 2017 |
| R-TX | Kenny Marchant | Feb 16, 2017 | |
| D-CA | Mike Thompson | Feb 16, 2017 | |
| D-CO | Ed Perlmutter | Mar 1, 2017 | |
| D-NV | Jacky Rosen | Mar 8, 2017 | |
| D-NY | Thomas R. Suozzi | Mar 8, 2017 | |
| D-DE | Lisa Blunt Rochester | Mar 20, 2017 | |
| R-PA | Lou Barletta | Mar 20, 2017 | |
| R-NC | Richard Hudson | Mar 20, 2017 | |
| R-MN | Erik Paulsen | Mar 27, 2017 | |
| R-PA | Lloyd Smucker | Apr 12, 2017 | |
| R-PA | Patrick Meehan | Jun 6, 2017 | |
| D-MN | Timothy J. Walz | Jun 12, 2017 | |
| D-MD | Jamie Raskin | Jun 20, 2017 | |
| R-IN | Jackie Walorski | Jun 21, 2017 | |
| D-CT | John B. Larson | Jun 21, 2017 | |
| D-MD | John P. Sarbanes | Jun 21, 2017 | |
| R-OH | Patrick J. Tiberi | Oct 11, 2017 | |
| R-IN | Susan W. Brooks | Oct 12, 2017 | |
| R-FL | Thomas J. Rooney | Oct 12, 2017 | |
| R-NJ | Christopher H. Smith | Nov 8, 2017 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 7, 2017 |
Actions 2
Everything that happened, newest first.
- Feb 7, 2017Introduced in House
- Feb 7, 2017Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 21, February 7, 2017, page H1086.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 115-55 | LEGISLATIVE HEARING ON H.R. 6344, TO AMEND THE ENDANGERED SPECIES ACT OF 1973 TO ENCOURAGE VOLUNTARY CONSERVATION EFFORTS, "LOCAL ACT OF 2018"; ...... "PETITION ACT OF 2018"107 pages | Natural Resources Committee | Sep 26, 2018 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 326 | Public Buildings Renewal Act of 2017 | Related bill | Feb 7, 2017 |
| HR 5361 | To amend the Internal Revenue Code of 1986 to provide for the tax-exempt financing of certain government-owned buildings. | Reintroduction of | May 26, 2016 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to provide for the tax-exempt financing of certain government-owned buildings.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Building construction
- Educational facilities and institutions
- Elementary and secondary education
- Government buildings, facilities, and property
- Health facilities and institutions
- Higher education
- Income tax exclusion
- Law enforcement administration and funding
- Libraries and archives
- Research administration and funding
- Securities
- Taxation
Text 1
Each version as it was printed, newest first.
- Feb 7, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
