The MBFA recently submitted a comment letter on the IRS' proposed political subdivision rule, which is currently being reviewed per the requirements of Executive Order 13789. The letter urges Treasury to rewrite or repropose the rule as it will add undue complexity and confusion to Federal Tax law for purposes of tax-exempt municipal bonds.
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).
Policy experts will discuss the challenges for the municipal market in maintaining full access to the tax-exemption as tax reform takes shape. View the recap.
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