HR 8864
LIFT Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 24, 2026, 12:48 AM
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Local Infrastructure Financing Tools Act (LIFT Act) aims to provide a tax credit to issuers of American infrastructure bonds. Specifically, it establishes a credit payable by the Secretary of the Treasury based on the interest payments due on these bonds, with rates varying depending on the year the bond is issued. The bill also clarifies the definition of ‘American infrastructure bond’ and includes provisions to modify rules related to advance refunding bonds and small issuer exceptions for financial institutions. Finally, it permanently increases the limitation on the amount of tax-exempt interest expense allocation for certain financial institutions.
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