Tax exemptions

The House oversight subcommittee hearing was titled "Virtue Signaling vs. Vital Services."

The memo, which was sent to members of Congress, recommends a second round of reconciliation that would include the repeal of the municipal bond "tax exclusion."

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

Losing its 501(c)(3) status could cost Harvard $500 million annually.

Rep. French Hill and committee leaders urged House Ways and Means to protect tax-exempt municipal bonds as Congress gears up to tackle tax policy.

Jason Appleson of PGIM Fixed Income chats with Caitlin Devitt to break down the biggest factors shaping the muni market today, and how institutional investors are preparing for what's next.

Draft reconciliation bill text could be released within the next few weeks, said Brett Bolton, vice president of federal legislative and regulatory policy at the Bond Dealers of America.

From 90 basis points of movement in three days to rising ETF influence and potential tax status changes to municipal securities, this timely discussion from Thursday's Texas Public Finance event features real-time analysis and sharp insights from muni leaders at Morgan Stanley, BlackRock, Nuveen, Truist, and PFM.

Speaking live at The Bond Buyer's Texas Public Finance Conference in Austin, leading muni voices broke down the historic rate swings that rocked the market this week, the growing impact of investor behavior, and the uncertain path ahead for tax policy — offering candid assessments, sharp data points, and diverging views on what investors and other market participants should expect next.

Squire Patton Boggs attorney Michael Cullers believes the 10th Amendment may pose an obstacle.

Nebraska Rep. Don Bacon, a Republican, has penned a "Dear Colleague" letter asking lawmakers to publicly support tax-exempt municipal bonds.

Mesirow's George Barbar said the group's top legislative focus is preserving the municipal bond tax exemption.

The BDA met last week ahead of the House Ways and Means launching talks on what the reconciliation tax package may include.

The House now needs to negotiate a final budget resolution with the Senate, whose leaders have said they want to make the TCJA permanent.

The unpredictable nature of legislating leads most to holding off on disclosure changes until a bill becomes a law.

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.

The muni industry is trying to get to the bottom of questions around how the House arrived at savings estimates for eliminating the tax exemption.

As Republicans hash out their promised tax package, the debate over the bill's scoring method carries implications for tax-exempt municipal bonds.