Tax

The $10,000 limit on deductions for state and local taxes could pose a long-term threat to Connecticut, New Jersey and New York, according to credit analysts.

The governor wants to neutralize the effects of the new law to make it revenue-neutral for the state government.

First Deputy Mayor Dean Fuleihan put the price tag at $425 million over four years.

New Jersey and New York lawmakers offer a bill to boost local finances by allowing homeowners who prepaid 2018 property taxes to fully deduct them.

Uncertainties surrounding tax reform and a spike in supply are creating opportunities in the municipal market. Natalie Cohen, head of Municipal Research at Wells Fargo Securities, weighs the various factors. John Hallacy hosts.

The court’s announcement on Friday that it will hear arguments in South Dakota v. Wayfair comes as lawmakers have been divided over the online sales tax issue.

Experts are uncertain how significant the decline in multifamily housing bond issuance in 2018 might be.

Many of the 41 states with their own income taxes will have to decide whether to enact laws conforming to the new federal tax code.

Dawn Mangerson, senior portfolio manager at McDonnell Investment Management talks about the ramifications of the new tax legislation and articulates her concerns for municipals in 2018. Aaron Weitzman and Chip Barnett co-host.

S&P Global Ratings sees a ripple effect for New Jersey local governments.

Attorney General Jeff Sessions' decision to more vigorously enforce federal marijuana laws probably won't lower state credit ratings, but could impact their tax revenues.

They introduced a bill to allow taxpayers to donate to the state to avoid the federal deduction cap.

Some municipal market participants believe Sen. Mike Crapo would be a good replacement for Sen. Orrin Hatch as chairman of the Senate Finance Committee.

What do municipal market participants see for tax legislation in 2018?

Congress is expected to renew expired tax breaks for Puerto Rico and qualified zone academy bonds as well as enact corrections for the new tax reform law.

The Greater Cleveland Regional Transit Authority faces a $20 million budget gap because of changes in state tax distribution.

The new tax law and imminent scarcity threaten to change market dynamics for muni buyers in 2018.

The muni market absorbed almost $58 billion, a record for December, before a holiday hiatus to end the year.

The year was marked by price fluctuations, yield curve flattening, spread compression, credit quality concerns, and other stresses.

The new temporary spending bill includes Medicaid funding for Puerto Rico.