Tax-exempt bonds

Sen. Charles Grassley of Iowa's ask seems unlikely given that tax law originates in the House and incoming President Joe Biden's proposals to increase taxes.

Public finance groups are optimistic 2021 will be a breakthrough year for federal tax law changes to help spur the use of tax-advantaged bonds.

Sources see ways to get more investment in infrastructure with municipal bond provisions, but bipartisanship will be essential.

Jonathan Ballan, co-chair of the public and project finance team at Cozen O’Connor, calls for new categories of tax-exempt bonds to help urban areas redevelop from COVID-19. He also makes a deeply personal appeal to tighten cybersecurity laws. Northeast Regional Editor Paul Burton hosts. Recorded Nov. 19. (27 minutes)

Twin Cities International School and MIMCS Building Company announced the reversal in a public notice filed Monday.

The IRS will post quarterly updates of its enforcement strategy on the webpage of the Tax Exempt and Government Entities Division-Compliance Programs and Priorities.

Advance refunding, direct-pay bonds, and increased limits on bank-qualified bonds would be among the muni-friendly tax provisions that have a good chance of becoming law if Democrats control both chambers of Congress.

Nationally, there are around 7,500 charter schools in 44 states in addition to the District of Columbia, according to the National Alliance for Public Charter Schools.

Rep. Richard Neal was the lead architect of the muni-friendly provisions in the Moving Forward Act which passed the House in July.

Trump's bare-bones campaign agenda released Aug. 23 promises to “build the world’s greatest infrastructure system.”

The bipartisan Modernizing Agricultural and Manufacturing Bonds Act would expand the small issue manufacturing bonds and first-time farmer bonds programs.

Highlights of a House Democrat legislative package include a new series of taxable direct-pay bonds that would start with a federal 42% subsidy for interest expenses.

PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.

The National Association of Bond Lawyers wants Treasury to fill the position formerly held by John Cross III.

Members of the Public Finance Network sent a letter to Congress urging restoration of advance refunding for tax-exempt bonds.

The audit involved four CUSIPs for $53.995 million in bonds issued in 2009.

Los Angeles Mayor Eric Garcetti said he "would like to see at least a couple of hundred billion dollars of new federal bonds."

Its top goal is to increase to $30 million the size of bank-qualified tax-exempt bond issues that can be sold to banks under favorable terms.

The proceeds of the bonds were used for the construction of a 232,100 square foot residential facility with 108 living units located on the main campus of an existing facility in Dallas known as The Overlook.

The Securities Industry and Financial Markets Association survey indicates low interest rates will keep the environment for issuing debt favorable.