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IRS Halts Rules, But Lawyers Hope for Some Muni Infrastructure Guidance
The IRS won't be issuing any rules or significant guidance for a while in the wake of President Trump's regulatory actions.  more »
Image: Bloomberg News
The Glades Correctional Development Corp. in south-central Florida said that it received a preliminary Internal Revenue Service determination that its 2006 bonds violate the private activity use test. more »
Two corporate executives and lobbyists told treasurers meeting here on Monday that they are hearing positive things about municipal bonds from legislative staffers, but a senior tax staffer from the Senate Finance Committee said tax reform may slip into 2018. more »
Federal tax reform efforts will accelerate in just a few weeks, and the stakes are high, lawyers told conference attendees Thursday. more »
Companion bills introduced in the House and Senate would allow state and local governments to issue up to $5 billion of private activity bonds to finance the repair or construction of public buildings under public-private partnership arrangements. more »
House and Senate members have reintroduced companion bills that would allow state and local governments to issue up to $5 billion of private activity bonds to finance the repair or construction of schools and other public buildings under public-private partnership arrangements. more »
Rep. Steve Russell has introduced a bill that would treat bonds used to finance professional sports stadiums as taxable private activity bonds. more »
President Trump’s executive order to scale back the Dodd-Frank Act opens the door for regulatory reform that could touch on municipal securities, although any substantive changes to the act would have to be left to Congress. more »
The Internal Revenue Service has determined that District of Columbia’s PILOT revenue bonds are taxable. more »
CDFA plans to support tax-exempts and promote legislation to ease restrictions on bonds, according to its 2017 policy agenda more »
Committee Republicans, lacking Democrats, waive their quorum rule and vote to recommend the Senate confirm Steven Mnuchin as Treasury Secretary. more »
Factually flawed methodology utilized by the Joint Committee on Taxation poses a key challenge as the municipal market seeks to maintain full access to the tax exemption. more »
Tax-exempt governmental bonds will result in revenue losses to the federal government of $194.7 billion over the five fiscal years 2016-2020, the Joint Committee on Taxation estimated in a report this week. more »
The Internal Revenue Service has initiated an audit of $26.5 million of zero coupon bonds issued by an authority in Wisconsin last August to monetize a grant Dallas gave to a company redeveloping buildings that housed the old Statler Hotel and Dallas Public Library. more »

What does the muni market have in store for us in 2017 after a record breaking year issuance-wise in 2016? Kevin Dunphy, managing director and head of public finance for Mitsubishi UFJ Financial Group, talks about the overall outlook for the muni market, what he sees for issuance in 2017, and addresses shrinking underwriter spreads and what, if anything, can be done to increase those margins. Hosted by Aaron Weitzman.

Unemployment and foreclosures warrant a closer look in geographic areas of concern.

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