Tax strategies

The MINT Act, which would enable Federal Home Loan Bank members to issue tax exempt bonds is working its way through committees in both House and Senate.

The Internal Revenue Service is proposing rule changes regarding the complex relationship between tax-exempt bonds, arbitrage and State and Local Government Series Securities.

Washington D.C.'s Chief Financial Officer is backing the city's Attorney General in defying Congressional action aimed at preventing another tax policy decoupling from the One Big Beautiful Bill Act.

Washington, D.C.'s Office of the Chief Financial Officer released a revenue report showing higher than expected tax revenues and a local economy that's struggling.

The Senate voted to disallow Washington D.C.'s attempt to decouple its tax policy from the One Big Beautiful Bill Act, as the city's mayor charts more budget challenges in the near future.

Experts looking at the oncoming effects of the One Big Beautiful Bill Act predict that states may have to raise taxes on the wealthy or corporations to compensate for rising Medicaid costs.

State legislatures are taxing revenue generated by sports gambling, as an estimated $1.76 billion was wagered on the Super Bowl, with even more expected to change hands during the March Madness college basketball tournament.

Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.

Unless there is a massive selloff in the next two weeks, there will not be a major spike in market participants using tax-loss harvesting through year-end, said Ben Barber, director of municipal bonds at Franklin Templeton.

Data center projects, which are proliferating across the country, are taking advantage of tax breaks that can be costly for states and local governments.

The IRS finalized tax code regulations that date back to the financial crisis of 2008 that govern the retirement and re-issuance of tax exempt bonds by state and local governments.

A letter signed by GFOA, NLC and NACo, expressed concerns over the IRS and Treasury's tax credit election, particularly, complexities around pre-filing and compliance.

The clarifications are predicted to boost bond issuance .

Technology is improving collection of the tax supporting COFINA bonds.

While hope remains for certain muni priorities in 2023, others look highly unlikely to gain traction in an ideologically-split Congress.

The team has pledged to launch a petition drive to place the project on the May 16 city ballot.

The Internal Revenue Service has reinstated Ham Lake, Minnesota based charter school operator Parnassus Building Company's tax-exempt status after it was revoked in May 2022.

Brokers should be aware that inaccurate tax reporting could force its brokerage clients to seek damages and could force dealers to make their clients sign a liability waiver, as the recent muni case Richard Goodman v. UBS Financial Services highlights.

The Internal Revenue Service will permanently allow TEFRA hearings to be held remotely.

The revised form is a step in addressing the massive backlog of paper Form 8038-CPs that were built up as a result of COVID-19 related shutdowns.