Transportation Bill Clears Committee Without Tax Code Changes

Sanchez, Humberto
March 2005
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p5
Trade Publication
The article reports that the U.S. House Ways and Means Committee yesterday unanimously approved the tax portion of legislation that would provide $283.9 billion in guaranteed funding over six years for highway and public transit construction and related safety programs. However, in a repeat of its action last year, the committee did not attach a White House supported provision to the bill that would have changed the tax code to allow private companies to use up to $15 billion of tax-exempt private-activity bonds, to finance the construction of intermodal freight projects.


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