Two members of the Senate Finance Committee with jurisdiction over private activity bonds have introduced a bill that would allocate $5 billion in tax- exempt PABs for DBFOM development of public buildings. Senators Dean Heller (R-NV) and Bill Nelson (D- FL) on July 13 introduced the “Public Buildings Renewal Act” which closely follows language drafted by the Performance Based Building Coalition for House Bill 5361. At least eight members of the tax-writing House Ways and Means Committee are cosponsors of that bill.
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