Tax

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.

The long holiday weekend comes at a perfect time for tired muni market participants after a furious few weeks of action spurred by tax reform.

The muni primary market ground to a halt after a barrage of deals triggered by tax legislation.

The urgency for healthcare issuers to sell tax-exempt bonds is gone after private activity bonds survived tax reform.