You may have heard recently about proposals for Congress to remove the exclusion from gross income of interest on state and local bonds, usually referred to as “repealing the tax exemption on municipal bonds.” This issue...more
3/12/2025
/ Exclusions ,
Federal Budget ,
Interest Payments ,
IRS ,
Municipal Bonds ,
State and Local Government ,
Tax Code ,
Tax Exemptions ,
Tax Reform ,
Taxation ,
U.S. Treasury
The Tax Cuts and Jobs Act (TCJA) was released on December 15, 2017. The Committee of Conference chose not to follow the House’s repeal of authorization for private activity bonds — a financing vehicle used to finance...more
UPDATE: In the early morning hours of Saturday, December 2, 2017, the United States Senate, by a vote of 51-49, approved its version of H.R. 1, the Tax Cuts and Jobs Act of 2017, commonly referred to as the Senate’s tax bill....more
12/5/2017
/ 501(c)(3) ,
Bonds ,
Infrastructure ,
Legislative Agendas ,
Municipal Bonds ,
Proposed Legislation ,
Public Finance ,
Public Projects ,
State and Local Government ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration