WASHINGTON — Municipal market participants are disappointed that the tax bill signed into law by President Obama Friday does not extend the Build America Bond program and other key bond-related tax incentives, but will urge lawmakers to reconsider them next year.

“We’re disappointed that the tax act doesn’t include the extension of BABs, the higher issuer limit for bank-qualified bonds, or the alternative minimum tax exemption for private-activity bonds,” said Michael Decker, managing director co-head of the Securities Industry and Financial Markets Association’s municipal securities division.

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