SIFIA Act

Referred to the House Committee on Ways and Means.

Bill 119 HR 2440, also known as the School Infrastructure Finance and Innovation Tax Credit Bonds Act, aims to amend the Internal Revenue Code of 1986 in order to provide tax credit bonds for school infrastructure projects.

The bill proposes the creation of a new type of bond, called school infrastructure finance and innovation tax credit bonds, which would allow investors to receive a tax credit in exchange for investing in school construction, renovation, and modernization projects. These bonds would be issued by state and local governments, with the goal of incentivizing private investment in improving school facilities.

The tax credit provided by these bonds would help lower the overall cost of financing school infrastructure projects, making it more affordable for schools to make much-needed improvements. This could lead to safer and more modern learning environments for students, as well as create jobs in the construction industry. Overall, the School Infrastructure Finance and Innovation Tax Credit Bonds Act aims to address the pressing need for investment in school infrastructure across the country, while also stimulating economic growth and job creation.