SIFIA Act

The SIFIA Act establishes a new tax credit for bonds used to finance school infrastructure projects. It allows issuers to claim a credit equal to 25% of the annual credit amount (based on bond face value), with requirements that projects must be for qualified school facilities that meet net-zero energy standards. The Act limits total bond issuance to $10 billion ($2.5 billion annually) with $1 billion reserved for rural areas, and sets requirements for private developers to meet experience and reporting standards. This policy directly affects school districts seeking infrastructure funding, private developers, and the federal government through tax credit provisions.