Category: In the News

DC Update: Biden Administration Ignores the Tax-Exemption in 2025 Tax Priorities

April 4, 2024

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…
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Calls Grow for Elimination of Tax-Exemption in TCJA Revamp

March 29, 2024

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…
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Ways and Means to Debate Muni Provisions Today – MBFA Continues to Advocate for Key Priorities

September 14, 2021

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…
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Infrastructure Financing Hearing Announced–Munis Expected to be Highlighted

May 13, 2021

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…
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Rep. Terri Sewell to Introduce a Bill to Reinstate Advance Refundings, Other Priorities

April 16, 2021

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…
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Ways and Means Chair Neal Reiterates Support for Bond Financing in Infrastructure Package

April 2, 2021

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…
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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 signed by 385 organizations from across the United States, representing almost all 50 states. Letter to the House Letter to the Senate
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Municipal Bonds for America

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Contact:
Brett Bolton
bbolton@bdamerica.org



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