Bill > S1695

This bill, the American Infrastructure Bonds Act of 2023, amends the Internal Revenue Code to provide a credit to issuers of "American infrastructure bonds." These are tax-exempt bonds used to finance public infrastructure projects, excluding private activity bonds. The bill allows the issuer to receive a 28% credit from the Treasury on each interest payment, making the bonds more attractive to investors. The interest on these bonds is still included in the investor's taxable income, but the issuer receives the credit to offset the cost. This is intended to spur investment in public infrastructure projects across the country.