The US is planning a tax break for US companies if they invest in the fund to be set up by the proposed bipartisan Partnership to Build America Act.
US companies would be able to repatriate a certain dollar amount in overseas and will be able to earn tax-free for every USD1 they invest in the bonds which will be determined by auction. The fund will be available to provide loans or loan guarantees to states and municipalities in order to finance the infrastructure like transportation, energy, education, communications and water infrastructure projects.
