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The House Ways and Means Committee on Thursday approved a bill to make the state and local sales tax deduction permanent.
By Naomi JagodaFebruary 12 -
Bipartisan bills on empowerment zone bonds and the ban on new Internet access taxes have recently been introduced in the Senate.
By Naomi JagodaFebruary 11 -
The federal government ran a $17.5 billion budget deficit in January, the Treasury Department reported Wednesday.
By Naomi JagodaFebruary 11 -
The Senate Finance Committee on Wednesday approved legislation that bond lawyers said would be helpful for nonprofit organizations.
By Naomi JagodaFebruary 11 -
Two former Senators who were instrumental in tax reform in 1986 said reform should be comprehensive and presidential commitment is very helpful.
By Naomi JagodaFebruary 10 -
The tax exemption for general purpose state and local debt has consistently been one of the biggest corporate tax expenditures since 1975, according to the Joint Committee on Taxation.
By Naomi JagodaFebruary 9 -
An issuer in Virginia recently disclosed an Internal Revenue Service audit of bonds it issued in 2006, and a borrower in Indiana and an issuer in Pennsylvania disclosed that the IRS has closed audits of their bonds.
By Naomi JagodaFebruary 6 -
Treasury Secretary Jack Lew said he hopes Congress and the Obama administration can work in a bipartisan way to authorize qualified public infrastructure bonds or another type of bond program.
By Naomi JagodaFebruary 5 -
The Internal Revenue Service is seeking applications from issuers for unused volume cap of new clean renewable energy bonds.
By Naomi JagodaFebruary 4 -
President Obama's fiscal 2016 budget includes several bond proposals that were also in the budget he released last year.
By Naomi JagodaFebruary 2