The MBFA Coalition submitted a thank you letter to Congressional Leaders for their assistance in preserving the tax-exempt status of municipal bonds, including PABs in the Tax Cuts and Jobs Act.
Senate tax bill would minimize community control and stymie infrastructure investments.
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 refundings which allow state and local governments to maintain market interest rates through refinancing.
MUNICIPAL BONDS FOR AMERICA is a non-partisan coalition of municipal bond issuers and State and local government officials along with other municipal market professionals working together to explain the benefits of the tax-exempt municipal bond market which provides the financing needed to build vital infrastructure throughout the United States.
This is not dessert, this is bread and butter…investment in our cities is non-negotiable.
Stephen Benjamin, MBFA Chairman