Tax exemptions

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.

The House document outlining potential policy changes focuses heavily on the healthcare sector to generate savings.

Among the materials for lawmakers is a new report estimating the tax exemption saves issuers $824 billion through 2035.

The higher-ed sector, already facing internal pressures, could face scrutiny over its tax-exempt status during tax reform next year.

Vance has called for eliminating the SALT deduction, calling it "massively redistributive toward the lower- and middle-income brackets."

While the muni market lobbies for its wish list, investors keep in mind that any tax rate changes affect appetite and market technicals.

It's one of the most controversial uses of tax-exempt debt, but repeated legislative efforts to eliminate it have failed.

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

Tribal advocates hope that Congress will take up expanded tribal access to the tax-exempt market next year as the U.S. tax code takes center stage.

The snub could become more important next year when Tax Cuts and Jobs Act provisions expire and tax issues take center stage at Congress.

It's the latest in a series of so far unsuccessful bills that have targeted federal tax exemptions for debt-financed professional sports arenas.

The organization is focused on some key muni priorities with the new year and new Congress.

The Inflation Reduction Act's changes are significant enough that they will be featured in the banner at the top of the offering statement.

By dampening corporate interest in tax incentives, the new global minimum tax would hurt low-income housing and drive up issuer borrowing costs, a group of 29 organizations said in the letter to Yellen.

The legislation would allow tax-exempt financing for the replacement of privately owned lead service lines.

President Biden had pledged to end the law that excludes residents of Puerto Rico from the federal supplemental security income program.