This week, the MBFA coalition submitted comments promoting and advancing municipal bonds to the House Ways and Means Community Development Tax Working Group Chaired by Rep. Mike Kelly (R-PA). The Tax Working Groups were created by Committee Chair Jason Smith (R-MO) to study key provisions from the 2017 Tax Cuts and Jobs Act in preparation for broad…
Read more
The MBFA was featured in a BondBuyer article featuring its recent comments to the House Ways and Means Committee Community Development Tax Working Group in support of municipal bond provisions in anticipation for next years tax debate. The article can be found here. The MBFA comments can be viewed here. The Municipal Bonds for America coalition is…
Read more
For the second consecutive year, the Biden Administration failed to promote the tax-exemption in its FY 2025 Treasury Green Book– an annual release of the Administrations tax priorities. While the Biden White House has promoted infrastructure investment throughout this term, the lack of prioritization of muni’sheading into the election and likely Tax Cuts and Jobs Act is concerning. This follows a policy paper from the…
Read more
The Municipal Bonds for America coalition continues to lay the groundwork for a proactive advocacy effort to promote and protect munis as chatter in DC on proposals to extend the Tax Cuts and Jobs Act pick up steam. This week, the Committee for a Responsible Federal Budget, a non-paritisan DC based think-tank, hosted an event on the Tax Cuts and…
Read more
This morning, the House Committee on Ways and Means will host a hearing to “mark-up” or debate and amend the tax portion of the budget reconciliation package. This weekend, Chairman Richard Neal (D-MA) released the text for the revenue provisions, and the draft included a plethora of muni provisions, including ALL BDA, MBFA, and state and local muni priorities. Expected…
Read more
During the ongoing MBFA fly-in this week, we have learned that the House Committee on Ways and Means is in the process of developing a hearing on infrastructure financing that will include a robust debate on the municipal market and the expansion of financing tools needed. The hearing, titled “Leveraging the Tax Code for Infrastructure Investment,” will…
Read more
We expect that later this morning Rep. Terri Sewell (D-AL) will introduce the “Local Infrastructure Financing Tools (LIFT) Act.” The bill will include several BDA and MBFA priorities, including: Reinstate advance refundings as they were in pre-2018 tax law. This provision would take effect 30 days after the date of enactment. Expand bank-qualified bonds. The…
Read more
Following the announcement of the Biden infrastructure plan, House Ways and Means Chairman Richard Neal (D-MA) signaled that he plans legislative changes to the original draft, including ensuring that bond financing plays a role in the final package. His statements this week reiterate what the Chairman discussed during the BDA’sEngage Capitol Hill 2021 event last…
Read more
© 2024 Municipal Bonds for America.
202.204.7902
