Infrastructure Credit Bonds—A New Approach

The Performance Infrastructure Review Committee (PIRC) recommends that Congress enact a new volume-capped program of qualified tax-credit bonds for public infrastructure: Infrastructure Credit Bonds (ICBs).

ICBs would be structured as a sixth class of “qualified tax credit bonds” (QTCBs) under section 54A of the Internal Revenue Code. Over the last decade, Congress has authorized over $35 billion of QTCBs to assist sectors such as public education, clean renewable energy generation, and energy and forestry conservation.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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