Steve Benjamin, Mayor of Columbia, SC, and Chairman of the Municipal Bonds for America (MBFA) Coalition, submitted a letter showing support for Sen. Cardin’s amendment, which would strike the repeal of advance refunding bonds in the Tax Cuts and Jobs Act. The MBFA is appreciative of the attention that is being paid to this very…
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
BDA and ASA Urge Congressional Leadership to Preserve Vital Financing Tools
Statement from MBFA Chair, Mayor Steve Benjamin, on the House tax bill
“I am deeply concerned that the House tax bill would eliminate private active bonds. If this proposal becomes law, it would severely impact state and local efforts to build affordable housing, promote home ownership, finance higher education, build critical infrastructure, and foster economic development. I am also alarmed that the bill would eliminate advance refundings of municipal…
House Releases Tax Reform Legislation
Today, the House Committee on Ways and Means released its much anticipated tax reform package – “The Tax Cuts and Jobs Act”. The legislation maintains the tax-exemption for municipal bonds, while slashing rates for both individuals and corporations. The release can be found here. Highlights from the bill, include: The bill consolidates personal rates, maintaining the…
BDA Submits Tax Policy Recommendations to Senate Finance Committee Chairman Hatch on Tax Reform
On July 17th, the BDA submitted its comment letter and policy recommendations in response to Senate Finance Chairman Orrin Hatch’s (R-UT) request for expert and stakeholder input on tax reform. You can view the BDA’s letter here. BDA’s Letter Recommends to: Do no harm to the current law status of the municipal tax-exemption Increase the…
BDA Submits Letter to House Leadership in Defense of Muni Bond Tax Exemption
The BDA recently submitted a letter to House Speaker Paul Ryan (R-WI) and Rep. Kevin Brady (R-TX), Chairman of the House Ways & Means Committee, in response to the federal tax reform plan known in Washington as the “Blueprint”. This letter focuses on maintaining the current law status for tax exempt municipal bonds. You can…
BDA Submits Letter to W&M Chairman Brady in Defense of Muni Bond Tax Exemption
Yesterday, the BDA submitted a letter to Rep. Kevin Brady (R-TX), Chairman of the House Ways & Means Committee. The BDA’s letter focuses on maintaining the current law status for tax exempt municipal bonds. You can view the BDA’s letter here. Specifically, the BDA letter addresses the following: How borrowing costs would increase for state and…
Featured in The Hill – Tax-exempt municipal bonds: A critical tool to repair America's infrastructure
Tax-exempt municipal bonds: A critical tool to repair America’s infrastructure By James McIntire and Ken Miller President Obama’s Fiscal Year 2017 budget proposal to limit the tax exemption for municipal bond interest would hobble state and local infrastructure projects nationwide. If implemented, this proposal would raise costs to state and local taxpayers by over $17 billion…
BDA's Susan Collet on Tax-Exemption Fight
To view video, please click here.
MBFA's October 2013 Update on Municipal Tax Exemption Threats
The Municipal Bonds for America coalition has published its latest update on the municipal tax exemption threats in light of recent Congressional action. Click here for the update.