Tax-exempt bonds

Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.

The megabill now heads to the House, where Speaker Mike Johnson said a vote could come as soon as Wednesday.

The guidance comes as the tender market has grown from zero to $48 billion since 2019.

The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.

The bill would exempt lead service line replacement projects from the IRS' private business use test.

The hard-fought increase to the cap on state and local tax deductions that was instrumental to passing the House GOP tax bill is under fire in the Senate.

The Metropolitan Washington Airports Authority is pricing $714.4 million worth of airport system revenue and refunding bonds on Thursday as part of a scheduled sale with an uncertain demand.

The Internal Revenue Service has been erroneously sending out notices to tax exempt bond holders informing them about incorrect signatures on their Form 8038s.

The Senate will likely revise the House bill, which left tax-exempt bonds untouched after months of speculation.

At a Bond Buyer conference in Atlanta, industry leaders talked about tariff turmoil, the tax-exemption, weather resiliency, infrastructure and more.