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The Build Back Better reconciliation bill would raise the SALT cap to $80,000 from $10,000, and that impact varies widely from state to state.
November 12 -
By lowering the amount of private activity bonds needed to finance low-income housing, the provision would free up PABs volume for other projects.
November 11 -
President Biden had pledged to end the law that excludes residents of Puerto Rico from the federal supplemental security income program.
November 9 -
Assets ranging from airports, utilities and toll roads may come into play under P3 provisions in the infrastructure bill, which could attract public pension infrastructure investment.
November 9 -
The bipartisan infrastructure bill passed over the weekend, offering munis an indirect win by providing an influx of funds to state and local authorities.
November 8 -
Two major pieces of President Joe Biden's domestic agenda, which carry implications for the municipal bond market, advanced in the House Friday.
November 6 -
The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.
November 4 -
Key institutional players like banks and insurance companies may have less incentive to buy tax-exempt munis if the provision becomes law.
October 29 -
The lack of inclusion of the muni market's priorities in the reconciliation framework sends a strong signal they're unlikely to be included in the final legislation.
October 28 -
The SALT deduction cap could be increased, suspended or repealed.
October 27