Bill > S836

This bill, the Transportation Access for All Americans Act, aims to provide special tax treatment for certain highway projects that are leased from government entities. Specifically, it allows for accelerated depreciation, meaning businesses can deduct the cost of "applicable leased highway property" over a shorter period, and also permits the amortization of intangible assets related to these leases, such as franchise rights, over the lease term. "Applicable leased highway property" is defined as property leased from a government entity where the taxpayer leases a highway and its improvements, gets rights to the underlying public land, and receives the right to collect payments related to the highway's operation. The bill also explicitly prohibits the use of private activity bonds, a type of tax-exempt bond often used for public infrastructure projects, to finance these specific types of highway leases. These changes are intended to encourage private investment in highway infrastructure by offering more favorable tax deductions and amortization periods for qualifying lease agreements entered into after the bill's enactment.