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The Internal Revenue Service is auditing $473.05 million of general obligation refunding bonds issued by Nevadas Clark County School District in 2007.
By Naomi JagodaOctober 9 -
Chicago Mayor Rahm Emanuel warned Thursday that Congress and the Executive Branch should not hurt two federal loan programs for infrastructure: the Transportation Infrastructure Finance and Innovation Act and the Railroad Rehabilitation & Improvement Financing programs.
By Naomi JagodaOctober 8 -
The U.S. Conference of Mayors plans to be aggressive about making sure the tax exemption for municipal bonds is protected, the groups president told reporters and others here on Wednesday.
By Naomi JagodaOctober 7 -
A Senate Democratic energy bill would create a new type of tax-advantaged bond called Clean Energy Bonds which would have lower subsidy rates than New Clean Renewable Energy Bonds would not be subject to volume cap.
By Naomi JagodaOctober 6 -
The Treasury Department and Internal Revenue Service should create guidance to facilitate the development of public-private partnerships, the tax-exempt financing committee of the American Bar Associations taxation section recommended.
By Naomi JagodaOctober 5 -
A lengthy tax relief and job creation bill recently introduced in the House would exempt private-activity bonds issued from 2015 through 2018 from the alternative minimum tax, repeal sequestration, and create an infrastructure bank. But it also would cap the value of the municipal bond tax exemption at 28%.
By Naomi JagodaOctober 2 -
Congress needs to raise the debt limit before Nov. 5, the date around when the Treasury Department is expected to exhaust the extraordinary measures it has been using to preserve the U.S. borrowing capacity, Treasury Secretary Jack Lew told lawmakers.
By Naomi JagodaOctober 2 -
Half of the Internal Revenue Service tax-exempt bond offices resources in fiscal 2016 will be allocated to examinations, and priority will be given to referrals, including those from whistleblowers, according to a work plan summary.
By Naomi JagodaOctober 1 - Washington
The House and Senate approved a measure on Wednesday that would avert a federal government shutdown and fund federal departments and programs through Dec. 11.
By Naomi JagodaSeptember 30 -
Republican presidential candidate Donald Trump released his tax reform proposal on Monday and grabbed the attention of municipal market participants because it would lower tax rates and reduce or eliminate tax deductions and loopholes for the rich.
By Naomi JagodaSeptember 28