Tax

California and New York City are showing us the path forward, as they often do, in the face of the new limits on the federal deduction for state and local taxes.

A new law takes effect Nov. 1 to allow New Jersey to collect sales tax on products shipped from out of state in the wake of the Supreme Court's Wayfair ruling.

With Democratic majority, Rep. Richard Neal of Massachusetts, a supporter of tax-exempt bond financing, would chair the Ways and Means committee.

Bids were plentiful on the competitive deals but spreads were higher in the wake of two downgrades.

An initiative that would create a separate property tax assessment system for non-residential properties qualified for the 2020 ballot.

Recently announced streamlining and rumored budget cuts and layoffs at SIFMA are causing market participants to worry about its commitment to municipal securities.

County Executive Steven Bellone of Suffolk County, N.Y. is among those who have asked to speak at a Nov. 5 public hearing.

The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.

Groups active in the muni market are spending millions of dollars to influence policy and elect candidates, records show.

More than 100 local governments around the state will ask their voters to approve tax measures in November.

Thursday is the deadline for sending comments to the IRS on its proposal to prevent taxpayers from avoiding the $10,000 federal cap on state and local tax deductions that Congress enacted last December.

GFOA's Emily Brock discusses whether tax reform was a game changer for municipal bonds.

Changes in tax rates made mutual funds, not banks, the main driver of demand on the long end. The change has had the effect of pushing yields on long-term munis higher.

Opponents say passage of Amendment 5 in November would threaten Florida’s ability to fund state priorities and its triple-A ratings.

Another wave of states is expected to begin implementation Jan. 1, according to the National Conference of State Legislatures.

Salt Lake City will bring $875 million of revenue bonds this month for its airport.

The Protecting Family and Small Business Tax Cuts Act of 2018 which passed 220 to 191 isn’t expected to become law because the Senate won’t consider it this year.

The two regulatory agencies are working to ensure a seemless transition to another benchmark when Libor is phased out in 2021.

Incoming NABL president Dee Wisor wants the group to be more active in Washington.

House Republicans will vote Thursday or Friday on tax reform legislation that would make permanent the $10,000 federal cap on the deduction for state and local taxes and individual income tax rate reductions.