Biden Administration

In President Biden's State of the Union address, he touted the progress he's made on raising corporate taxes while setting up a larger battle for further increases as Trump era cuts are set to expire.

Detroit, which has several climate-friendly projects in the pipeline, is seeking a tax advisor to help navigate snag tax credits in the Inflation Reduction Act.

As Congress hammers out the 2024 transportation budget, state DOTs warn that a timing problem with the flow of IIJA money could lead to a "potential lapse" of highway funds by September.

Spaceports should have the same access to tax-exempt financing as airports and seaports, supporters say.

In addition to repowering the nuclear plant, the Palisades owner wants to build a pair of new small modular reactors, which would mark another first in the U.S.

The funds will go through State Drinking Water and Clean Water Revolving Funds, which states often use together with municipal bonds to finance projects.

The Federal Railroad Administration plans to make formal recommendations to Congress this spring.

Expanded domestic purchasing requirements under the infrastructure law are well-intended but confusing and costly, state transportation and construction groups say.

The controversial deduction cap is set to expire after 2025.

The terminal project grants come as air traffic officially recovered to pre-pandemic levels last year.

A new regulation requiring state and local transportation departments to reduce greenhouse gas emissions would limit spending flexibility, opponents say.

Biden administration officials have indicated they will not be appealing the Eleventh Circuit's decision allowing states to use ARPA funds to offset tax cuts to the Supreme Court.

It's the third short-term spending bill Congress has passed since fiscal 2024 began Oct. 1.

Increasing the costs for banks to hold municipal bonds would be passed down to cities and states in the form of higher financing costs, industry advocates said.

Roughly 70% of the grants will go to projects in disadvantaged areas.

House Republicans want 2024 appropriations offset with cuts from "COVID-era slush funds."

"It's inevitable there will be spending cuts," said Emily Brock, federal liaison for the Government Finance Officers Association.

The Senate Committee on Homeland Security and Governmental Affairs unanimously passed the bill in October.

The climate rule aimed at cutting transportation-related greenhouse gas emissions will restrict investment in certain projects, said the states.

State departments of transportation are expected to boost their own funding during the third year of federal infrastructure support from the IIJA.