Tax Reform, State and Local Government, Tax Code

The Possible Repeal of the Tax Exemption of Municipal Bond Interest

Bricker Graydon LLP on 3/12/2025

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

Opportunity Zone Investments: What You Need to Know and Potential Scenarios - A New Opportunity for Investors to Defer Taxable...

Holland & Knight LLP on 10/25/2018

• The Internal Revenue Service (IRS) on Oct. 19, 2018, issued much anticipated proposed regulations (the Proposed Regulations) and other guidance on tax benefits arising from investments in "qualified opportunity zones" that...more

Under The Dome: Inside The Maine State House

Pierce Atwood LLP on 9/5/2018

Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Ethics Commission Disburses Funds to Clean Elections Candidates despite Biennial Budget Typo...more

Maine's Federal Tax Conformity Proposal

Pierce Atwood LLP on 3/9/2018

On Thursday, March 1, Alec Porteous, the Commissioner of the Maine Department of Administrative and Financial Services, and Dr. Michael Allen, Associate Commissioner for Tax Policy for the Maine Department of Administrative...more

Tax Reform Changes to Healthcare

Holland & Knight LLP on 12/22/2017

Following a final vote in the U.S. House of Representatives on Wednesday morning, Dec. 20, 2017, Congress sent the Tax Cuts and Jobs Act (H.R. 1) to President Donald Trump's desk. In addition to extensive revisions to the tax...more

Federal Tax Reform: Senate Proposal Repeals Advance Refundings but Keeps Private Activity Bonds

Ballard Spahr LLP on 11/14/2017

The Senate Finance Committee unveiled a section-by-section description of its tax reform package on November 9, 2017, including municipal bond provisions that reject efforts by the House Ways and Means Committee to terminate...more

Federal Tax Reform: House Bill Rewrites Municipal Bond Rules

Ballard Spahr LLP on 11/6/2017

The proposed Tax Cuts and Jobs Act released last week would eliminate the federal tax exemption for interest earned on all private activity bonds—including 501(c)(3) bonds and exempt facility bonds—and advance refunding bonds...more

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