Category: D.C. Action

House Municipal Finance Caucus Introduce Advance Refunding Legislation

On May 20th, members of the House Municipal Finance Caucus, led by Congressmen Ruppersberger (D-MD) and Stivers (R-OH), introduced H.R. 2772 a bill to restore the tax-exemption for advance refunding bonds.  Titled the, “Investing in Our Communities Act,” the bill will enable governments to refinance outstanding bonds for infrastructure and free up resources for other…
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Mayor Benjamin Testifies Before House Energy & Commerce Subcommittee on Environment and Climate Change

On April 2, 2019, Mayor Steve Benjamin testified before the House Energy & Commerce Committee on state and local action on climate change. As a staunch advocate for municipal bonds, he also defended the tax-exemption for municipal bonds and argued for the full reinstatement of advance refunding in his testimony. You can view his testimony…
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MBFA Executive Committee Submits Thank You to Rep. Randy Hultgren

The Municipal Bonds for America (MBFA) Executive Committee recently sent a “thank you” to Rep. Randy Hultgren (IL-14) for his dedication to preserving the tax-exempt status of municipal bonds and for his support in co-creating the Congressional Municipal Finance Caucus, which he also co-chaired, during his time in Congress.

MBFA Hosts Muni Bonds Education Seminar & Fly-In With Congress and Staff of the NEC

Last week, the Municipal Bonds for America (MBFA) Coalition increased its advocacy efforts for the support of municipal finance and the tax exemption on Capitol Hill.  In addition to its annual educational seminar for Hill staff, the coalition also held discussions with staff at the National Economic Council (NEC), and hosted a fundraiser for Representative Richard…
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AAPA Presents Testimony Before the Senate Finance Committee

Kurt Nagle, President and CEO of the American Association of Port Authorities (AAPA), presented testimony before the Senate Finance Committee’s Subcommittee on International Trade, Customs, and Global Competitiveness on July 18, 2018. View a copy of the testimony here.  

MBFA Submits Thank You Letter to Congressional Leaders

The MBFA Coalition submitted a thank you letter on January 2nd, 2018, to Congressional Leaders for their assistance in preserving the tax-exempt status of municipal bonds, including PABs in the Tax Cuts and Jobs Act.  

Congressman Randy Hultgren Leads Letter Sent to House and Senate Leadership Stressing Importance of Tax-Exempt Status of Advance Refundings

U.S. Representative Randy Hultgren (IL-14), Co-Chair of the Congressional Municipal Finance Caucus, led 20 of his Republican colleagues in sending a letter to House and Senate leadership urging them to preserve the tax – exempt status of private activity bonds in any tax reform legislation. The letter stresses the importance of maintaining the tax-exempt status of advance…
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Mayor Benjamin Submitted Letter to Sen. Cardin on Amendment to Strike Advance Refunding Provision

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…
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MBFA Letter to Senate Finance Chairman Hatch

The Municipal Bonds for America (MBFA) Coalition submitted a letter to Senate Finance Chairman Orrin Hatch (R-UT) and other members of the Senate Finance Committee to show its appreciation for protecting the underlying tax exempt status on municipal bonds, including private activity bonds (PABs). However, the Coalition strongly objected to the inclusion to deny tax…
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MBFA Letter to the Senate and House Leaders

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MBFA Submits Comment Letter on the Proposed IRS Political Subdivision Rule

On August 7th, the MBFA submitted a comment letter on the IRS’ proposed political subdivision rule, which is currently being reviewed per the requirements of Executive Order 13789 that requires the Secretary of the Treasury to review temporary, proposed, or final IRS regulations issued between January 1, 2016, and April 21, 2017 — the date…
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MBFA Submits Comment Letter to SFC Chair Hatch on Tax Reform

On Monday, July 17th, the MBFA Coalition 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. The MBFA’s letter was endorsed by local Utah leaders including Mayor Ben McAdams (Salt Lake County) and Amy Rowland (Utah Director – National Development Council).

385 Organizations Sign Letter to Save the Muni-Exemption

On February 21, 2017, the Municipal Bonds for America (MBFA) Coalition sent a new letter to the House and Senate Leaders, including House Ways and Means and Senate Finance Committee leaders, urging them to retain the current law status on municipal bonds as a part of their ongoing debate on comprehensive tax reform. The letter is…
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MBFA Submits Letter to House Leadership: Defends Muni Tax Exemption in Response to “Blueprint”

The MBFA Coalition 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 release of the “Blueprint” on tax reform to maintain the tax exemption for municipal bonds. You can view a copy of the letter here.

MBFA Submits Tax Reform Recommendations to Senate Finance Committee

The Municipal Bonds for America (MBFA) Coalition sent a letter to the Senate Finance Committee’s tax reform working groups on Community Development and Infrastructure and Individual Income Tax in response to the Committee’s request for public input on tax reform.

MBFA Sends Letter to Senate Finance Committee Tax Reform Working Group

The Municipal Bonds for America (MBFA) Coalition sent a letter to Senators Dean Heller (R-NV) and Michael Bennet (D-CO), the co-chairs of the Senate Finance Committee Community Development & Infrastructure tax reform working group. The working groups are in the process of gathering information to make recommendations on their group’s topic regarding tax reform to…
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MBFA Sends Letters to President Obama and Representative Dave Camp regarding Municipal Bond Provisions in Tax Reform Draft

The MBFA coalition wrote letters to President Obama and Representative Dave Camp expressing their concern and opposition to proposed provisions in the tax reform draft targeting municipal bonds. Download the letter to President Obama here. Download the letter to Representative Dave Camp here.

The MBFA Executive Committee writes letter urging U.S. Senators to include federal tax exemption for municipal bonds in approach to tax reform.

MBFA Executive Committee urges U.S. Senators to include federal tax exemption for municipal bonds.

138 Members of Congress Send Letter to House Leadership Opposing Limitation on Muni Bonds

MBFA sends letter to House Leadership opposing any limitation of the tax exemption on Municipal Bonds.

MBFA Urges Support for Dear Colleague Letter Supporting Tax Exemption for Municipal Bonds

Reps. Ruppersberger and Hultgren have co-authored a letter to Speaker Boehner and Minority Leader Pelosi urging them to reject any proposal that seeks to limit the value of the tax-exemption for municipal bonds.