SIFIA Act

Hozzl · 2025-04-07T13:01:01Z

Explore the details of House Bill 2440 SIFIA Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

4/7/2025, 1:01 PM

Summary of Bill HR 2440

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.

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Current Status of Bill HR 2440

Bill HR 2440 is currently in the status of Bill Introduced since March 27, 2025. Bill HR 2440 was introduced during Congress 119 and was introduced to the House on March 27, 2025. Bill HR 2440's most recent activity was Referred to the House Committee on Ways and Means. as of March 27, 2025

Bipartisan Support of Bill HR 2440

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 2440

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 2440

To amend the Internal Revenue Code of 1986 to provide for school infrastructure finance and innovation tax credit bonds.To amend the Internal Revenue Code of 1986 to provide for school infrastructure finance and innovation tax credit bonds.

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