What is the current status of HR 2440?

HR 2440 is currently: In Senate.

Who sponsored HR 2440?

HR 2440 was sponsored by Richard Hudson (R), Rep.

IntroducedMarch 27, 2025

In Senate1 year ago

Intro

House

Senate

Pres

Sitting in the Senate Ways and Means Committee.

Most bills stop at this point and never get a vote.

Why This Matters

This bill allows the creation of special bonds to finance school construction, offering tax credits to those who invest in them.

If you invest in SIFIA bonds, you could reduce your tax bill significantly while supporting school improvements.

Who this affects

Local communities · Families with children

What changes is this bill making?

1This bill creates a new type of bond called SIFIA bonds to help finance school construction projects.
2Taxpayers holding SIFIA bonds can receive a tax credit equal to 25 percent of the bond's annual credit.
3The funds from SIFIA bonds must be used for building or renovating school facilities that are energy-efficient.
4Private companies must agree to build and operate the school facilities before transferring them to local education agencies.
5The bill allows taxpayers to carry over unused tax credits to future years if their tax liability is lower than the credit.