Category: Protecting Tax Exempt Municipal Bonds
The BDA works with industry partners, including issuers and state and local groups, through the Municipal Bonds for America (MBFA) Coalition to preserve the tax exempt status of municipal bonds.
Learn more about the MBFA
Protecting Tax-Exempt Bonds and the Municipal Bonds for America Coalition
In December of 2017, Congress passed the Tax Cuts and Jobs Act and President Trump signed the package into law before the New Year. The sweeping legislation fully overhauled the U.S. tax code, including a reduction in the corporate rate and consolidation of deductions on the individual side. In November, the House set the stage…
MBFA Thank you Letter to Congressional Leaders for Preserving Muni Bonds in Tax Bill
BDA Attends White House Breifing on Tax Reform
December 18, 2017, National Economic Chairman Gary Cohn, Treasury Secretary Steve Mnuchin, White House Chief of Staff John Kelly, and Sen. Tim Scott (R-SC) held a tax briefing at the White House in advance of the Congressional vote on tax reform. The White House Office of Public Liaison hosted the briefing, which was attended by…
Tax Cuts and Jobs Act Sprints Towards Finish Line
Friday evening, the Tax Cuts and Jobs Act was finalized, paving the way for a once in a generation overhaul of the U.S. Tax code. The legislation, which fully maintains the tax-exempt status for private-activity bonds, is expected to pass both chambers and be signed into law by the President by weeks-end. PABs Preserved One…
MBFA Chair Contributes Article on PABs and Advance Refundings in the Bond Buyer
The City of Columbia and other local governments have long worked in good faith with our federal partner to develop policies and programs that invest in our communities and deliver results. As such, I deeply appreciate that both the House and Senate tax bills would maintain the century-old tax exemption for municipal bonds. State and…
ACG and BDA Tax Reform Update
ACG and BDA Tax Reform Update
Tax Reform Makes Major Progress in Both House and Senate
Yesterday, the House of Representatives passed H.R. 1 the Tax Cuts and Jobs Act, which would eliminate private-activity bonds and municipal advance fundings, 227-205. The bill passed on a party-line vote, with 13 Republicans voting against the tax package. While this is a big win for Republican leadership in the House, eyes quickly turned to the Senate where…
Municipal Finance Caucus Speaks Out in Defense of Bonds
In a marathon legislative day in on Capitol Hill, tax reform took one step towards final passage of the House and potentially a step back in the Senate. Municipal Finance Caucus Speaks Out Last night, House Municipal Finance Caucus co-chairman Reps. Randy Hultgren (R-IL) and Dutch Ruppersberger (D-MD), with support from the BDA and MBFA,…