Tax

California Gov. Gavin Newsom and his party's leaders have proposed conflicting plans to give residents relief from gas taxes.

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

The MSRB has issued a warning that with the rise in interest rates in recent months, bonds trading at a discount may be less liquid than those trading at par.

The city has succeeded in defending the tax-exempt status of a series of bonds issued in 2013 against IRS claims that they should be retroactively taxable.

The legislation would allow tax-exempt financing for the replacement of privately owned lead service lines.

Transportation advocates remain opposed to the legislation and the Biden Administration has not taken a position.

The president touted the benefits of last year's Bipartisan Infrastructure Law and American Rescue Plan Act during his first State of the Union address.

States have appropriated 72% of the ARPA funds they have received so far and many state legislatures are developing plans to spend the rest.

Sponsors of the Supporting American with Lower Taxes Act see it as a potential compromise on the contentious state and local tax deduction cap issue.

A bill to prevent tax-exempt financing of professional sports stadiums may become part of a larger tax bill, as further discussions to revive some muni provisions may begin this year.