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Sen. Dean Heller, R-Nev., has introduced a bill that would make the deduction for state and local sales taxes permanent, while Rep. Bob Goodlatte, R-Va., has introduced a bill that would make the moratorium on taxing Internet access permanent.
By Naomi JagodaJanuary 13 -
The federal government ran a $1.9 billion budget surplus in December, the Treasury Department reported Tuesday.
By Naomi JagodaJanuary 13 -
New House rules on dynamic scoring could make tax reform easier to do, said municipal and tax experts who differed on whether such scoring would benefit or hurt municipal bonds.
By Naomi JagodaJanuary 8 -
Congress needs to preserve the tax exemption of municipal bonds if it's serious about supporting infrastructure, National Governors Association vice president and Utah Gov. Gary Herbert said.
By Naomi JagodaJanuary 6 -
The Internal Revenue Service has closed a targeted audit of Philadelphia's series 2010A water and wastewater revenue refunding bonds without making any changes to the bonds' tax-exempt status.
By Naomi JagodaJanuary 6 -
The Internal Revenue Service has established a standardized voluntary closing agreement program for issuers whose 501(c)(3) bonds benefited organizations that had their tax-exempt statuses prospectively reinstated after being revoked due to the failure to file returns for three consecutive years.
By Naomi JagodaJanuary 2 -
Final federal regulations make clear that most failures to meet certain requirements created by the new health care law won't hurt the tax-exempt status of nonprofit hospitals' bonds.
By Naomi JagodaDecember 31 -
States on the whole will see a slight increase in their new capacity to issue private-activity bonds in 2015.
By Naomi JagodaDecember 30 -
Tax reform, particularly corporate tax reform, is likely to be on the agenda in 2015, congressional observers said.
By Naomi JagodaDecember 29 -
The Treasury Department and Internal Revenue Service next year will be working on further guidance on issue price, regulations finalizing other proposed arbitrage rules, and additional rulemaking projects.
By Naomi JagodaDecember 26