Tax code

Lobbying efforts to keep the muni tax exemption in place is boiling down to convincing select members of the House Ways and Means Committee about the value of munis in financing local infrastructure projects.

The proposal to tax interest on out-of-district municipal bonds is a revenue-raising measure, though its path forward is far from certain.

Passing the Affordable Housing Credit Improvement Act could boost housing bond issuance.

Public power agencies argued that subsidies for Build America Bonds should be exempt from the federal budget sequestration process.

Muni issuers are staunchly opposed to what they characterize as an unfunded mandate that provides limited benefits.

The issue is important to lawmakers in high-tax states, and is also important to municipal issuers in those places who have said the cap infringes on their fiancial sovereignty.

New legislation on the high priority is on its way.

The $10,000 state and local tax deduction cap is an important issue for high tax states like New York and California and investors who trade paper from those states.

Lawmaker suggests advanced refundings be renamed “refinancing to save taxpayer dollars” and private activity bonds be called "public good bonds."

Bank of New York Mellon Trust Company erroneously redeemed Philly school bonds