Ways and Means
Co-Sponsors: 12 – 7 Democrats, 5 Republicans
This bill amends the Internal Revenue Code to expand the definition of “exempt facility bond” to include bonds used for qualified government buildings. This permits tax-exempt financing of certain government-owned buildings including elementary or secondary schools, facilities of a state college or university used for education purposes, public libraries, courts, hospitals, healthcare facilities, laboratories, research facilities, public safety facilities, or offices for government employees. The bill allocates a $5 billion limit on the amount of tax-exempt financing for these buildings and establishes procedures for allocating and applying for the financing.
(Summary from Congressional Research Service Bill Summary)
This bill addresses Green Real Deal goal 2(K)p.6 to make buildings more energy efficient.