Katrina Piligian Desmond

Katrina Piligian Desmond

Miller Canfield

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State and local governments continue to see a reduction in credits available for Direct Pay Bonds

As a result of federal sequestration, state and local governments who have issued certain direct pay bonds have seen a reduction in tax subsidy payments since March 1, 2013. Sequestration is a result of Congress’ failure to...more

8/28/2015  /  Bonds , Direct Pay Bonds , Federal Budget , Internal Revenue Code (IRC) , Sequestration , State and Local Government , Subsidies
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