Post Tagged with: "private activity bonds"

New private activity bond legislation introduced in Senate

New private activity bond legislation introduced in Senate

September 4, 2018 at 10:20 am 0 comments

In August, Senators Bob Menendez (D-N.J.) and Mike Crapo (R-Idaho) re-introduced bipartisan legislation, S.3358, the Sustainable Water Infrastructure Investment Act of 2018, which would modify the tax code to remove state volume caps on the issuances of government private activity bonds (PABs) used by water and wastewater systems for infrastructure investment.Read More

GOP tax plan preserves muni bond tax exemption, eliminates new PABs

GOP tax plan preserves muni bond tax exemption, eliminates new PABs

November 6, 2017 at 9:30 am 0 comments

Under a draft tax reform plan released by Republican leaders in the House of Representatives last week, interest earned on municipal bonds issued to fund public water and wastewater infrastructure would remain fully exempt from federal taxation. But the plan would also eliminate new issuances of private activity bonds (PABs).Read More