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The Internal Revenue Service should withdraw or alter a controversial 2013 memorandum relating to the definition a political subdivision, provide interim guidance, and propose new rules that apply prospectively, the tax-exempt financing committee of American Bar Association's taxation section said.
By Naomi JagodaMay 6 -
Rep. Tom Reed, R-N.Y., has reintroduced legislation that would increase the annual issuance limit for issuers of bank-qualified bonds to $30 million from $10 million.
By Naomi JagodaMay 4 -
Sens. Ron Wyden, D-Ore. and John Hoeven, R-N.D., on Monday introduced legislation that would create Move America Bonds, which would generally be treated as exempt-facility, private-activity bonds but would have fewer restrictions and separate state volume caps that could be converted into tax credit allocations.
By Naomi JagodaMay 4 -
Antonio Tony Martini, the president of the National Association of Bond Lawyers, joined Hinckley, Allen & Snyder LLP on Friday as a partner in the firms Boston office.
By Naomi JagodaMay 1 -
House Ways and Means Chairman Paul Ryan is working on a "limited tax reform" package that could contain revenue for the Highway Trust Fund and extenders and that could be passed this summer.
By Naomi JagodaMay 1 -
Dozens of municipal market groups made the case for preserving tax-exempt bond financing and/or easing certain bond restrictions in documents submitted to the Senate Finance Committees tax-reform working groups.
By Naomi JagodaApril 30 -
An Internal Revenue Service memorandum that would render a community development district's bonds taxable should not be retroactive because a House committee last year urged guidance on political subdivisions be prospective, the CDD's lawyer said.
By Naomi JagodaApril 29 -
Rep. Rep. Bill Pascrell, who keeps a Lucite encased drinking water pipe in his office as a reminder of the "very serious and urgent" need, has continued to press for his Sustainable Water Infrastructure Investment Act.
By Naomi JagodaApril 29 -
Rep. Dan Lipinski, D-Ill., has introduced a bill that would create more flexible standards under which research arrangements at tax-exempt bond-financed research facilities would not give rise to private-business use.
By Naomi JagodaApril 27 -
House Ways and Means Committee member Rep. John Larson considers municipal bonds to be the lifeline of any given community.
By Naomi JagodaApril 24