Tax

Kansas City, Missouri was banking on private activity bonds for a "significant" role in the airport financing.

While muni advocates may have an opportunity to defend private activity bonds and deductions favorable to the market, both Houses of Congress appear to be aligned on banning advance refundings.

The House approved its version of tax reform by a vote of 227-205.

Even though tax bills would have a PAYGO problem, Republicans may have the upper hand.

Senate Majority Whip John Cornyn told The Bond Buyer he will fight to keep PABs in the final tax reform bill when the Senate and House Republicans negotiate their differences next month.

Ennis Rep. Joe Barton is rallying to prevent the GOP's sweeping tax revamp from costing the city of Arlington millions of dollars on its voter-approved plans to finance the new Texas Rangers ballpark.

Norman’s dependence on sales tax to fund everything from operating expenses and capital projects to public safety, libraries, swimming pools and parks could have repercussions in the near future.

It may take 60 votes in the Senate to decide if the tax bill is subject to the PAYGO Act.

Smaller not-for-profit hospitals and systems lack the access to taxable debt markets enjoyed by bigger systems.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.