Tax News Update    Email this document    Print this document  

August 2, 2021

Senate releases text of infrastructure bill

The Senate has released text of its 2702 page bipartisan infrastructure bill, outlining funding for investment in roads, bridges, broadband and water. The bill is reported to cost $1.2 trillion over eight years, with $550 billion of that attributed to new spending. It includes a few tax provisions, including enhanced cryptocurrency reporting and renewal of Superfund excise taxes. The Senate aims to move the bill this week.