Category: Uncategorized

A Brave New World for Munis: A Post-Tax Reform Review

Webinar hosted by MBFA in Partnership with Court Street Group Research LLC On Wednesday, January 17th, over 65 industry groups representing issuers, investors, and state and local governments participated in the webinar, “A Brave New World for Munis: A Post-Tax Reform Review,” hosted by the Municipal Bonds for America (MBFA) Coalition in partnership with Court…
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Senate tax bill would minimize community control and stymie infrastructure investments

The City of Columbia and other local governments have long worked in good faith with our federal partner to develop policies and programs that invest in our communities and deliver results. As such, I deeply appreciate that both the House and Senate tax bills would maintain the century-old tax exemption for municipal bonds. State and…
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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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What are Private Activity Bonds?

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MBFA Applauds President Obama’s Remarks on Bonds in SOTU

WASHINGTON, D.C. (January 20, 2015)—The Municipal Bonds for America Coalition (MBFA) welcomes President Obama’s remarks regarding infrastructure investment in his 2015 State of the Union address. We agree that improving infrastructure should be a bipartisan issue. The President’s remarks highlight the importance of expanding tax-exempt financing opportunities for state and local governments in order to…
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WSJ: Plan to Cap Tax Breaks Is Gaining Steam

Although we can’t know the exact details of what will be include in the President’s Budget at this time, many believe it will not change in a significant way from what has been proposed in the past. This means there is a good possibility for the plan to include a limit on the value of itemized deductions and other income-tax breaks at 28% for higher income households.

MBFA Submits Statement for the Record to House Ways and Means Committee for Hearing on Tax Reform

MBFA’s statement focuses on the vital importance of maintaining the tax exempt status of municipal bonds and the potential impact on the municipal market, investors, and issuers if the tax exemption for municipal bonds is altered, replaced or eliminated.

Local Leaders Issue Report: Protecting Bonds to Save Infrastructure and Jobs

A report identifying the importance of municipal bonds used in our communities to maintain existing infrastructure, expand economic development projects and to create jobs in our communities.

Wells Fargo Securities 2013 Municipal Market Outlook

Wells Fargo has provided a Municipal Market Outlook for 2013, which includes an analysis of threats from the elimination or limitation of the tax exemption on municipal bonds. Download it here.

Statement from Municipal Bonds for America (MBFA) Regarding the Outcome of the Fiscal Cliff Negotiations

“We are pleased that President Obama and Congress have recognized the important role municipal bonds play in financing our nation’s infrastructure, schools, housing, hospitals, power facilities, and other vital resources and have chosen to preserve the federal tax exemption for municipal bonds in the agreement to avoid the fiscal cliff,” commented Marc Jahr, Co-Chair of…
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Muni-Bond Tax Break Could Go “Off Cliff”

MarketWatch article mentions MBFA as a group rallying support from state and local political leaders who warn against municipal bond tax exemptions.