Tax

The framework that will guide federal transportation strategy in the coming years does not currently include any financial goals or objectives.

Following the departure of Devin Nunes as the top Republican slated to succeed the retiring Kevin Brady on the Ways and Means Committee, several Republicans have begun campaigning for the top spot, which could hold considerable influence over the municipal bond industry if Republicans take the House in 2022.

States could be forced to return stimulus aid if the Treasury Department finds the funds were used to offset tax cuts.

The Internal Revenue Service has issued a preliminary determination that bonds issued by the City of Corpus Christi, Texas, may be retroactively taxable.

President Joe Biden's $1.7 trillion bill passed the House after months of debate and without any of the municipal bond market's priorities.

Treasury may have some leeway when interpreting the new tax and buysiders say it's unlikely to hurt demand even if it becomes law.

The Build Back Better reconciliation bill would raise the SALT cap to $80,000 from $10,000, and that impact varies widely from state to state.

The inability to advance refund has cost issuers up to $10 billion since 2020, according to Municipal Market Analytics, a figure lobbyists hope will help make their case.

President Biden had pledged to end the law that excludes residents of Puerto Rico from the federal supplemental security income program.

Two major pieces of President Joe Biden's domestic agenda, which carry implications for the municipal bond market, advanced in the House Friday.