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The American Public Power Association has told the Treasury Department that it supports proposals in President Obama's fiscal 2016 budget that would simplify federal tax law pertaining to municipal bonds and would like the department to take further efforts to simplify private business use rules.
By Naomi JagodaApril 2 -
The municipal bond market will have an ally in the top echelon of Senate leadership if Sen. Chuck Schumer, D-N.Y., becomes the Senate Democratic leader in 2017, as is widely expected, tax and municipal bond experts said.
By Naomi JagodaApril 2 -
The Internal Revenue Service has determined that multifamily housing revenue bonds issued by the Tulsa County Industrial Authority in 2003 are taxable, but it is unclear to what extent bondholders will be affected by the Service's conclusion.
By Naomi JagodaApril 1 -
Congress should eliminate the state and local tax deduction and offset the deduction's removal with a reduction in marginal tax rates, a report from The Heritage Foundation argued.
By Naomi JagodaMarch 27 -
The Internal Revenue Service is expected to challenge the Scottsdale Municipal Property Corporations allocation of some its 2013 bonds to refinance a lease agreement in connection with to a garage adjacent to the largest luxury shopping mall in Arizona.
By Naomi JagodaMarch 26 -
Matthias Edrich, chair of the National Association of Bond Lawyers tax-law committee, rejoined Kutak Rock on Monday, less than a year after he left the firm.
By Naomi JagodaMarch 26 -
Non-governmental entities access to the tax-exempt bond market should be better controlled, a tax expert told state treasurers Tuesday.
By Naomi JagodaMarch 24 - New Jersey
Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.
By Naomi JagodaMarch 23 - Colorado
Issuers in Colorado and Nevada separately disclosed this week that the Internal Revenue Service is conducting routine audits of bonds they issued in 2006.
By Naomi JagodaMarch 19 -
An expected months-long suspension of sales of state and local government series securities is likely to be most challenging for small issues with short defeasance escrows, market participants said.
By Naomi JagodaMarch 18