Tax reform

Bank loan documents often have corporate tax gross-up provisions.

Democrats complain that Republicans are only providing cosmetic support for Puerto Rico in tax reform legislation and disaster aid.

Stadium projects in Las Vegas and San Diego are among those making new calculations in light of the likely demise of tax-exempt stadium bonds.

With the fate of private activity bonds in flux, D.C.'s Housing Finance Agency is forging ahead with plans for its largest offering by the end of the year.

Many states use PABs to offer low-rate mortgages and down payment assistance for first-time buyers.

The governors of California, New York and New Jersey said they would challenge the Republican tax bills in court if they pass.

Muni issuers want six months to a year on transition relief for advance refundings, which the tax bills would terminate after Dec. 31.

A portion of the Oklahoma Turnpike Authority's $410 million deal may well be its last advance refunding.

Municipal market participants are preparing and bracing for a market without advance refundings and perhaps private activity bonds as major tax changes draw closer. Municipal issuers are coming together and giving the market one last gasp of these types of bonds before they are no longer allowed to do so and in the process, have created what could potentially be a historic $17.4 billion of issuance.

Investors plan to make the most of the volume blitz and higher yields in the last month of the year, as issuers rush to market ahead of a sweeping tax law overhaul.

As municipal market participants are awaiting the next step in the tax bill process, they are also preparing for one of the busiest and biggest weeks the market has ever seen.

The Senate’s vote to approve its tax bill means advance refundings are all but dead. The future of private-activity bonds hangs in the balance as the differences with the House’s version are resolved.

Senate Republicans narrowly approved the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans.

As lawmakers worked over the details of tax tax legislation, municipal market participants prepared to embark on what may be a record-setting week for issuance.

Both the House and Senate bills would end Puerto Rico’s status as an offshore tax haven.

The state increased the size of the deals by 70%, with its bond finance director citing plans by "the clowns in D.C." to outlaw advance refundings.

The California Infrastructure and Economic Development Bank approved $321 million in nonprofit conduit sales this week.

After a busy week, the muni market is preparing for one of the biggest weeks in history, with an estimated $17.4 billion deals.

The author is deeply concerned the House bill would eliminate the tax exemption for private activity bonds and that both bills would eliminate the advance refunding of municipal bonds.

After a busy week, and some clarity on tax reform, market participants are gearing up for the biggest volume week in some time, as issuers are getting advance refundings in while they still can.