WASHINGTON — The federal government should both exempt private activity bonds from the alternative minimum tax and create a national public-private partnership office to help state and local governments put together deals which are becoming increasingly large and complex, Brookings Institution said in a series of reports issued Tuesday.

The new series, titled “Remaking Federalism, Renewing the Economy,” focuses on federal policy recommendations aimed at supporting state and local growth. AMT relief for PABs and an increased focus on P3 development are strategies that the U.S. government should embrace to help municipalities overcome shrinking federal infrastructure funding, Brookings says.

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