Treasury Department

Bradley Wendt, a former investment banker with extensive experience in municipal bonds, interest rate swaps, and other fixed income products, joins Treasury's Office of Domestic Finance.

Emrich is a longtime credit and bond analyst in the municipal securities market.

The proposed rules would clarify that an institutional investor could take part in a public-private partnership for a bond-financed project without making the bonds taxable.

The federal government ran a $214.3 billion surplus in April, the Treasury Department reported Thursday.

The revenue procedure implements a proposal in President Trump's infrastructure plan that will help facilitate public-private partnership arrangements.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

It's important and constructive to talk about these kinds of alternatives to advance refundings, market participants said.

The new tax law that terminated advance refundings of bonds after Dec. 31, 2017, does not specify that only "tax exempt" refundings are prohibited.

The subsidy payments for direct-page bonds are claimed using IRS Form 8038-CP, which is a "smart form" designed to prevent entry errors.

NABL favors shortening to seven from 14 days the advance notice requirement for a public hearing about the issuance of PABs.

John Cross, the Treasury Department's associate tax legislative counsel, said the existing tax rules are clear on advance refundings of taxable debt.

The plan would expand flexibility and broaden the uses of tax-exempt private activity bonds.

Treasury Department sales of state and local government series securities are expected to dramatically decline this month now that issuers no longer need them for tax-exempt advance refunding escrows.

Newly issued Treasury securities held in stripped form increased about $1.518 billion in December to a total of $262.102 billion, the Bureau of the Public Debt reported Friday.

Muni issuers rushing to get advance refundings done in December before Congress passes a tax bill that terminates them may face a halt in sales of state and local government securities because of the debt limit.

The 2017-2018 plan contains one new item — private activity bond guidance.

The federal government ran an $8.0 billion surplus in September, the Treasury Department reported Friday.

Treasury, IRS concerns remain that some political subdivisions are controlled by developers.

Bond attorneys expressed dismay the public notice requirement would remain 14 days.

The federal government ran a $107.7 billion deficit in August, the Treasury Department reported Thursday.