Infrastructure plan, private activity bond proposals | KPMG | US
close
Share with your friends

Administration’s infrastructure plan includes private activity bond proposals

Infrastructure plan, private activity bond proposals

The White House today released its long-anticipated plan for infrastructure rehabilitation and improvement.

1000

Related content

Read Legislative Outline for Rebuilding Infrastructure in America [PDF 1.7 MB]

 

The plan is an outline of regulatory, federal funding, and tax proposals costing $200 billion and said to stimulate at least $1.5 trillion in new investment in infrastructure over 10 years. The plan would include traditional infrastructure—roads, bridges, airports—as well as water, energy, rural infrastructure, veterans’ hospitals, and Brownfields and Superfunds sites.

Much of the plan devolves responsibility for infrastructure improvement to the states. Among its incentives, the plan would allocate $6 billion in budgetary authority for modifications in the tax treatment of private activity bonds (PABs). The plan would broaden eligibility of PABs to new project categories, eliminate the alternative minimum tax preference, and remove state volume caps and transportation volume caps for public purpose infrastructure projects.

The plan does not include any other proposed tax changes.

 

Read a related “fact sheet” released by the Office of Budget and Management (OMB).

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit