The Senate yesterday approved a legislative package that would extend bond-related and other expiring tax provisions, while market participants pushed key members of Congress to make permanent two stimulus provisions that give banks more incentive to buy tax-exempt debt.

House Ways and Means Committee chairman Sander Levin, D-Mich, told reporters that differences in the House and Senate versions of the “extenders” legislation will have to be resolved via a conference committee. However, the muni bond provisions should remain unscathed since they are identical in both bills.

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