Tax-exempt bonds

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. 

The full legislative package could land on the House floor as soon as next week.

The tax bill is far from a done deal, market participants said.

The Ways and Means Committee is expected to release the full text, including revenue raisers, ahead of a Tuesday hearing.

The municipal bond market may soon get its first glimpse of hotly anticipated tax legislation.

The Commercial Metals Company and the West Virginia Economic Development Authority took a chance by coming to market with a tax-exempt $150 million junk-rated private activity bond sale financing a scrap metal steel mill during uncertain times for the construction industry.

It's the latest in a series of legislative efforts to restore tax-exempt advance refunding of bonds.

Committees will begin Tuesday to mark up their pieces of the sweeping tax bill, with the key Ways and Means committee session tentatively set for May 12.