The TURBO Act amends the Internal Revenue Code to increase the national limitation for qualified highway or surface freight transfer facilities and.

The TURBO Act, or Transit for Urban Renewal and Business Opportunities Act, amends the Internal Revenue Code to increase the national limitation for qualified highway or surface freight transfer facilities from $30 billion to $45 billion. It also modifies rules for certain exempt facility bonds by including the acquisition of rolling stock for mass commuting facilities. Additionally, the Act reduces the speed limit for high-speed intercity rail facilities from 150 miles per hour to 110 miles per hour. These changes apply to bonds issued after the enactment of this Act.

The TURBO Act amends the Internal Revenue Code to increase the national limitation for qualified highway or surface freight transfer facilities and.

The TURBO Act, or Transit for Urban Renewal and Business Opportunities Act, amends the Internal Revenue Code to increase the national limitation for qualified highway or surface freight transfer facilities from $30 billion to $45 billion. It also modifies rules for certain exempt facility bonds by including the acquisition of rolling stock for mass commuting facilities. Additionally, the Act reduces the speed limit for high-speed intercity rail facilities from 150 miles per hour to 110 miles per hour. These changes apply to bonds issued after the enactment of this Act.