LIFT Act Local Infrastructure Financing Tools Act
To amend the Internal Revenue Code of 1986 to provide a credit for American infrastructure bonds, and for other purposes.
HB8864, known as the LIFT Act or Local Infrastructure Financing Tools Act, proposes to amend the Internal Revenue Code to include a credit for investments made in American infrastructure bonds. This credit is intended to encourage funding and development of infrastructure projects across the country.
The bill would primarily affect businesses and investors by providing them with a financial incentive to invest in infrastructure bonds, which in turn would help finance local infrastructure projects such as roads, bridges, and public transportation. This could lead to improved infrastructure and potentially more jobs in the construction and maintenance sectors.
HB8864 was introduced on May 15, 2026, and has been referred to the House Committee on Ways and Means for further consideration. As of now, it is in the initial stages of the legislative process, and no further action has been taken. Stay tuned for updates as the bill progresses through the committees and the legislative process.
