PRIA Logo™
S1481119th CongressWALLET

LOCAL Infrastructure Act

Sponsored By: Senator Wicker, Roger F. [R-MS]

Introduced

Summary

Restores advance refunding bonds to federal tax law. This bill would repeal Section 13532 of Public Law 115-97 and put the rules for advance refunding bonds back the way they were before that amendment. The repeal would take effect on the date of enactment. No new programs, funding, eligibility changes, or extra restrictions are created. The sole outcome is to reinstate the prior-law status of advance refunding bonds.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Restore advance refunding for municipal bonds

This bill would repeal the changes made by section 13532 of Public Law 115-97 and restore the prior federal tax rules for advance refunding municipal bonds. If enacted, state and local governments could use advance refunding bonds again. Investors could see different tax treatment for interest on those bonds. The repeal would take effect on the date of enactment of the Act.

Sponsors & CoSponsors

Sponsor

Wicker, Roger F. [R-MS]

MS • R

Cosponsors

  • Sen. Bennet, Michael F. [D-CO]

    CO • D

    Sponsored 4/10/2025

  • Sen. Britt, Katie Boyd [R-AL]

    AL • R

    Sponsored 4/10/2025

  • Sen. Hyde-Smith, Cindy [R-MS]

    MS • R

    Sponsored 4/10/2025

  • Sen. Boozman, John [R-AR]

    AR • R

    Sponsored 4/10/2025

  • Sen. Barrasso, John [R-WY]

    WY • R

    Sponsored 4/10/2025

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 4/10/2025

  • Sen. Warner, Mark R. [D-VA]

    VA • D

    Sponsored 4/10/2025

  • Sen. Capito, Shelley Moore [R-WV]

    WV • R

    Sponsored 4/28/2025

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 6/17/2025

  • Sen. Baldwin, Tammy [D-WI]

    WI • D

    Sponsored 6/17/2025

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 6/17/2025

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 6/17/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 6/17/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation