Bill · H.R. 8864· House(119-HR-8864)
LIFT Act
- Introduced
- 5/15/2026
- Last activity
- 5/15/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Terri Sewell
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "LIFT Act," aims to amend the Internal Revenue Code of 1986. It establishes a tax credit for issuers of "American infrastructure bonds" to encourage infrastructure investment. The credit amount varies based on the year the bond is issued, starting at 42% for 2026 through 2030 and decreasing over time. The bill also modifies rules regarding advance refunding bonds. Additionally, it permanently increases limitations for certain financial institutions.
Yes· 3 of 7
Does this strengthen the rights of workers to organise?+5
The bill requires projects financed by these bonds to comply with the Davis-Bacon Act labor standards.
Would union members be better off under this?+5
The bill mandates compliance with the Davis-Bacon Act for projects using the bond proceeds.
Is this likely to grow the economy?+4
The bill provides tax credits to encourage the issuance of bonds for infrastructure capital expenditures and maintenance.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Credits for Infrastructure Issuers: The bill provides a credit to the issuer of an American infrastructure bond, which is calculated as a percentage of the interest payable (Section 2, SEC. 6436(b)). This could help fund projects used for the acquisition, construction, or improvement of property (Section 2, SEC. 6436(c)(1)(A)).
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Increased Limits for Financial Institutions: The bill permanently increases the limitation for certain financial institutions from $10,000,000 to $30,000,000 (Section 4, SEC. 4(a)).
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Inflation Adjustments: For calendar years after 2026, the $30,000,000 amounts will be increased based on cost-of-living adjustments (Section 4, SEC. 4(c)).
Potential Negative Impacts for People
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Taxable Interest: Unlike some other bonds, interest on an "American infrastructure bond" shall be includible in gross income (Section 2, SEC. 6436(d)(1)).
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Reduced Credit Percentages Over Time: The applicable percentage of the credit decreases from 42% for years 2026-2030 down to 30% for 2033 and thereafter (Section 2, SEC. 6436(b)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Union Protections+5Improves Economic Growth+4Improves Small Business Support+3Increases Corporate Taxes+1
- Demographic And Interest Groups
- Good For Union Workers+5Good For Business Owners+4
- Environment Energy And Infrastructure
- Improves Roads And Bridges+3
- 5/15/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.