The Texas Municipal League distributed a news release on Friday warning that “if the tax exemption is eliminated or reduced, the cost of nearly every public construction project will increase – not only for cities but also for counties, school districts and states.”
(December 11, 2012) In the fiscal-cliff debate, both Republicans and Democrats are showing a willingness to consider taxing at least a portion of the municipal bond interest paid to higher-income households. Download Wall Street Journal article here.
In a CNBC piece published on November 21, the issue of taking away some of the advantage of tax-free municipal bonds was discussed in relation to the Fiscal Cliff. For that reason, the coalition, Municipal Bonds for America will hold its first fly-in to meet with congressional leaders on the threat to muni financing. The… Read more
They’re a tax advantage for rich investors and a time-honored way of financing expensive public infrastructure improvements. But tax-exempt municipal bonds could become the baby that’s thrown out with the bath water of fiscal reform, some bond dealers and local government officials fear. The re-election of President Barack Obama increased the odds that Congress will… Read more
A cross section of municipal bond issuers and State and local officials responsible for building and operating America’s public infrastructure have united with municipal bond professionals from regional securities dealers to help lead Municipal Bonds for America (MBFA), a new, national coalition working to protect the tax exempt status of municipal bonds. New York City… Read more
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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 HouseLetter to the Senate