A bill to amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

Amends the Internal Revenue Code to increase from $15 billion to $19 billion the national limitation amount for tax-exempt highway or surface freight transfer facility bonds.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2050 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2050

  To amend the Internal Revenue Code of 1986 to increase the national 
  limitation amount for qualified highway or surface freight transfer 
                            facility bonds.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 27, 2014

   Mr. Kirk introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to increase the national 
  limitation amount for qualified highway or surface freight transfer 
                            facility bonds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE NATIONAL LIMITATION AMOUNT FOR QUALIFIED HIGHWAY OR 
              SURFACE FREIGHT TRANSFER FACILITY BONDS.

    (a) In General.--Subparagraph (A) of section 142(m)(2) of the 
Internal Revenue Code of 1986 is amended by striking 
``$15,000,000,000'' and inserting ``$19,000,000,000''.
    (b) Effective Date.--The amendments made by this section shall 
apply to bonds issued after the date of the enactment of this Act.
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