Trump Releases $200 Billion Infrastructure Framework
The Trump administration today released a proposed infrastructure framework, the Legislative Outline for Rebuilding Infrastructure in America. The plan would provide $200 billion in federal funds the administration projects would spur at least $1.5 trillion in state, local, tribal and private investment for infrastructure improvements over a decade. The White House proposes to create flexibility and broaden eligibility for use of private activity bonds (PABs), including the elimination of the alternative minimum tax preference on PABs. The administration’s cover letter to Congress, a top-line summary of the plan, a fact sheet and document of guiding principles have been posted to Novogradac Federal Infrastructure Tax Credit page.