# 119-s-1480: American Infrastructure Bonds Act of 2025

119-s-1480, American Infrastructure Bonds Act of 2025, is a 119th Congress bill sponsored by Sen. Wicker, Roger F. [R-MS] (R-MS); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1480
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1480
- Congress: 119
- Title: American Infrastructure Bonds Act of 2025
- Status: introduced
- Introduced: 2025-04-10
- Sponsor: Sen. Wicker, Roger F. [R-MS] (R-MS)
- Cosponsors: 7
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Creates a 28% credit to issuers of American infrastructure bonds.** This bill would establish a new federal tax credit that pays issuers 28% of the interest on qualifying bonds on each interest payment date, with payments made to the issuer or a payor acting for the issuer. - Issuers: Would be able to elect the credit and receive cash payments equal to 28% of interest on each payment date. Bonds must not be private activity bonds and the issuer’s election is irrevocable. - Investors and tax filings: Interest on these bonds would be includible in federal gross income. For federal arbitrage rules the bond’s yield would be reduced by the credit when calculating yield, with limited exceptions for certain reserve funds. - State governments: Unless a state opts otherwise after enactment, states would treat the bond interest and the credit as exempt from state income tax. - Administration and budget mechanics: The Treasury would pay credits contemporaneously, may issue implementing rules, and payments would be adjusted if reduced by sequestration using a statutory recovery factor.

## Cosponsors (7)

- Sen. Bennet, Michael F. [D-CO] (D-CO), 2025-04-10T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2025-04-10T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-04-10T00:00:00.000Z
- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2025-06-17T00:00:00.000Z
- Sen. Kelly, Mark [D-AZ] (D-AZ), 2025-06-17T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2025-06-17T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2025-06-17T00:00:00.000Z

## Provisions PRIA read

- Payments for infrastructure bond issuers: benefit, high. If enacted, the bill would give issuers a cash credit equal to 28% of each interest payment on qualifying American infrastructure bonds. The credit would be paid at the same time as each interest payment to the issuer or to a person who pays interest for the issuer. Bonds must be issued after enact…

## Related bills

- 119-s-2296: National Defense Authorization Act for Fiscal Year 2026
- 119-s-4784: National Defense Authorization Act for Fiscal Year 2027
- 119-s-1748: Kids Online Safety Act
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-1547: America the Beautiful Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.

## Sources
- [119-s-1480 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1480)

## Related
- [119-s-2296: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-2296)
- [119-s-4784: National Defense Authorization Act for Fiscal Year 2027](https://policyrisk.com/legislation/119-s-4784)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-1547: America the Beautiful Act](https://policyrisk.com/legislation/119-s-1547)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1480 (as of 2025-12-21).