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 refundings which allow state and local governments to maintain market interest rates through refinancing.