Bill · S. 1481· Senate(119-S-1481)

LOCAL Infrastructure Act

Age: 75 years

Mississippi

Introduced: 4/10/2025
Last activity: 4/10/2025 — Read twice and referred to the Committee on Finance.
Sponsored by: Roger Wicker
Cosponsors: - 5 - 8

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the "Lifting Our Communities through Advance Liquidity for Infrastructure Act" or the "LOCAL Infrastructure Act," seeks to amend the Internal Revenue Code of 1986. The primary purpose is to reinstate advance refunding bonds. It achieves this by repealing the amendments previously made by section 13532 of Public Law 115-97. This restoration is intended to be treated as if the previous amendments had never been enacted. The changes would take effect on the date the Act is enacted.

Yes· 3 of 8

Does this repair or build roads and bridges?+3
Reinstating advance refunding bonds provides liquidity specifically intended to support infrastructure development.
Does this improve buses, trains and other public transport?+2
The infrastructure focus of the bill can indirectly benefit public transit through improved liquidity for local projects.
Is this likely to grow the economy?+2
Increased liquidity for infrastructure can stimulate broader economic activity.