WASHINGTON — House Ways and Means Committee chairman Dave Camp's draft tax reform plan, released Wednesday, would terminate the tax exemption for private-activity bonds and advanced refunding bonds issued after 2014.

The proposed plan, which the Michigan Republican is calling "a discussion draft," would also put an end to traditional and direct-pay tax-credit bond rules after the date of enactment, although there is no current authority for direct-pay bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.