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An authority can have additional time to spend proceeds of its qualified zone academy bonds after there were unforeseen circumstances such as contractor disputes, permitting delays and development plan changes, the Internal Revenue Service has ruled.
By Naomi JagodaApril 21 -
Curbs to the tax exemption for municipal bonds would increase electricity prices for public-power customers and make it less likely that infrastructure improvements would be funded, groups warned in a paper to Senate Finance Committee tax-reform working groups.
By Naomi JagodaApril 20 -
The House on Thursday passed a bill to make the state and local sales tax deduction permanent.
By Naomi JagodaApril 17 -
Reps. Randy Hultgren, R-Ill. and Dutch Ruppersberger, D-Md., have sent a bipartisan letter to House leaders urging them to reject proposals that make changes to the tax exemption for municipal bonds.
By Naomi JagodaApril 16 -
Lawmakers on Senate Finance Committee tax-reform working groups should preserve the tax-exemption for municipal bonds and increase the bank-qualified bond limit, the Bond Dealers of America and affiliated coalitions said.
By Naomi JagodaApril 15 -
Tax reform proposals to curb tax exemption for municipal securities would create uncertainty in the market, possibly lead to higher borrowing costs, and hurt infrastructure development, issuer and borrower groups warned a Senate Finance Committee working group this week.
By Naomi JagodaApril 14 -
The federal government ran a $52.9 billion budget deficit in March, the Treasury Department reported Monday.
By Naomi JagodaApril 13 -
The National Association of Bond Lawyers would like to see several items on the Treasury Departments and Internal Revenue Services 2015-2016 guidance plan, including guidance on reissuance, management contracts and issue price.
By Naomi JagodaApril 10 - Washington
U.S. cities have significant long-term liabilities other than pensions that warrant attention, Merritt Research Services president and chief executive officer Richard Ciccarone argues in a report.
By Naomi JagodaApril 9 -
The Internal Revenue Service has granted a school district that experienced "financial distress" a roughly 16-month extension to spend the proceeds of its qualified school construction bonds.
By Naomi JagodaApril 7