Tax

Indiana's Senate Enrolled Act 1 raises questions about local income tax-backed bonds, appearing to lack protections for bondholders as currently written.

The $247.75 million of unrated tax-exempt bonds will finance public infrastructure and projects for an initial development on state-owned land.

Oregon's Senate president altered the make-up of the transportation committee to get the massive tax bill passed.

The Internal Revenue Service and the University of Rhode Island appear to have settled an inquiry by the agency regarding the tax status of higher education facility revenue bonds issued in 2018.

Housing advocates are cheering the Senate's embrace of expanding Low Income Housing Tax Credits which ensures a volume increase and reduces a key bond threshold test.

As the Senate Finance Committee works on the the reconciliation puzzle, attorneys, accountants, and doctors are lobbying for keeping the pass-through exemptions that provide a workaround to the cap on state and local taxes in place.

If passed it would untangle sections of the tax code that limits the use of Low-Income Housing Tax credits by Native American tribal governments.

Municipal bond issuers in the state dodged a barrage of bills in this year's legislative session seeking to constrain their debt sales.

The National Association of Bond Lawyers is looking for answers from the Internal Revenue Service regarding a few questions.

The U.S. economy added 139,000 jobs, a healthy clip that counters the president's calls for a rate cut to bolster the labor market.