Category: In the News

New York Times: Municipalities Fight a Proposal to Tax Muni Bond Interest

The New York Times article on the “battle” to preserve the municipal tax exemption.

SCNow: South Carolina Mayors Worry Over Goring of Tax-Exempt Bond Cow

South Carolina mayors express disapproval over President Obama’s proposal to cap the tax exemption on municipal bonds.

Texas Municipal League: Municipal bonds threatened by federal tax reform

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.”

George Friedlander and Tom Kozlik to lead Municipal Bonds For America Technical Advisory Committee

The Sacramento Bee’s article highlighting MBFA and its Technical Advisory Committee.

Muni Tax Break Under Threat from Bipartisan Scrutiny in Congress

Limits on municipal bonds tax exemptions are being considered as part of the “fiscal cliff” negotiations.

MBFA Announces Leaders of Coalition Technical Advisory Committee

Citigroup Chief Municipal Strategist George Friedlander and Janney Montgomery Scott Director and Municipal Credit Analyst Tom Kozlik will lead MBFA’s Technical Advisory Committee.

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.

The Fiscal Cliff, Post Issuance Compliance and More

PublicCEO.com’s article highlights MBFA as a coalition fighting tax exemption threats to avoid the “fiscal cliff”.

NLC Leaders Meet with President Obama on Fiscal Cliff

Leaders of the NLC went to the White House today to hear from President Obama on the local implications of the “fiscal cliff” and the need for swift action.

Muni Bond Tax Breaks On Table in Cliff Talks

(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.

Get rid of the muni tax break? Then get ready for higher property taxes

Investment News takes a closer look at the realities of eliminating the tax exempt status of municipal bonds.
Investment News

Group Calls for Continued Tax Exemption of Municipal Bonds

In a November 29 article appearing in MuniNet Guide, MBFA’s Congressional fly-in is discussed.

Even Muni Bonds May Be Targeted in ‘Fiscal Cliff’ Talks

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…
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Industry group pushes to protect tax-free status of municipal bonds

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…
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MBFA Unveils Interim Executive Committee

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…
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