Federal Infrastructure Bank Holding Company credit

(a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended— (1) by adding at the end the following new section: 45BB. Federal Infrastructure Bank Holding Company credit (a) In general For purposes of section 38, in the case of a taxpayer who holds a qualified Holding Company equity investment on a credit allowance date of such investment which occurs during the taxable year, the Federal Infrastructure Bank Holding Company credit determined under this section for such taxable year is an amount equal to 10 percent of the amount paid to the Holding Company for such investment at its original issue. (b) Credit allowance date For purposes of this section, the credit allowance date with respect to any qualified Holding Company equity investment is— (1) the date on which such investment is initially made; and (2) each of the 4 taxable years thereafter. (c) Qualified Holding Company equity investment For purposes of this section, the term qualified Holding Company equity investment means any equity investment originally issued by the Holding Company to the taxpayer under section 6(a)(1) of the Federal Infrastructure Bank Act of 2025 not later than 3 years after the formation of the Federal Infrastructure Bank Holding Company pursuant to section 3 of the Federal Infrastructure Bank Act of 2025. (d) Holding company For purposes of this section, the term Holding Company means the Federal Infrastructure Bank Holding Company established by the Federal Infrastructure Bank Act of 2025.; and (2) in the table of contents for such subpart, by adding at the end the following: 45BB. Federal Infrastructure Bank Holding Company credit.. (b) Conforming amendment Section 38(b) of such Code is amended by striking plus at the end of paragraph (37), by striking the period at the end of paragraph (38) and inserting, plus, and by adding at the end the following new paragraph: (39) the Federal Infrastructure Bank Holding Company credit determined under section 45BB.. (c) Effective date The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.