Tax

Republicans, however, are still negotiating the PAB provisions and have been considering eliminating the ability of issuers to carry forward for up to three years any of their unused allocations of PABs, as well as scrapping some smaller categories.

St. Louis is moving closer to borrowing to help finance upgrades the arena that hosts the Blues hockey team.

The U.S. is moving toward a territorial tax system for businesses that would hurt Puerto Rico by treating it as a foreign country.

Muni issuers are being forced to take action on tax-exempt private activity draw-down bonds and commercial paper because of the House tax bill.

The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

Transportation officials want tax reform to include funding for the Highway Trust Fund and infrastructure as part of the larger package.

The San Francisco Bay Area Rapid Transit District will get its advance refunding deal done this year after accelerating its schedule.

Sen. James Lankford, R-Okla., a leading proponent of ending the tax break for stadiums, told The Bond Buyer he'd "be OK with" grandfathering.

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.

Despite the aftermath of Hurricane Harvey, Texas's November sales tax revenue soared 11% to a record $2.78 billion.

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.

Chicago's new borrowing entity brings $575 million of sales tax securitization bonds to market this week.

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.