News & Analysis as of

Federal Budget Tax-Exempt Bonds

Mitchell, Williams, Selig, Gates & Woodyard,...

Federal Support for Financing State/Local Transportation/Water Infrastructure: Congressional Budget Office Report (October 2018)

The United States Congressional Budget Office (“CBO”) issued an October 2018 report titled: Federal Support for Financing State and Local Transportation and Water Infrastructure (“Report”) - The CBO Report outlines the...more

Ballard Spahr LLP

UPDATE: President Trump Signs Tax Reform Legislation Into Law Early

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On December 22, 2017, President Donald Trump signed into law the most far-reaching tax reform legislation in a generation after Congress approved a short-term spending bill on Thursday, which will keep the government funded...more

Ballard Spahr LLP

President Obama’s 2016 budget poised to address infrastructure needs

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Released in February, the 2016 budget set forth by the Obama administration takes a focused stance towards the country’s growing infrastructure requirements. The 2016 budget features tax-exempt bond proposals seen in the...more

Locke Lord LLP

Locke Lord QuickStudy: February 2015 Update on Federal Budget Sequestration Affecting Build America Bonds and Other Direct Pay...

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As we have noted in previous client advisories, under current law, direct pay bond subsidy payments are subject to federal budgetary sequestration through fiscal year 2024. On February 2, 2015, the Office of Management and...more

Bracewell LLP

State/Local Bond Proposals in Administration's 2016 Budget

Bracewell LLP on

Several proposals affecting tax-exempt bonds were included in the Obama Administration's Budget for FY 2016. As usual, the overall budget proposal has immediately been declared DOA by political pundits. Nonetheless, taking...more

Ballard Spahr LLP

Proposed 2014 Budget Encourages Private Investment in Infrastructure

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This week, the Obama administration released its proposed budget for the 2014 fiscal year. Notably, the budget encourages private investment in infrastructure projects through various liberalizations of the tax laws relating...more

Dickinson Wright

Sequestration to Reduce Government Payments to Issuers of Certain Qualifying Bonds

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March 2013 On March 1, 2013, $85 Billion in automatic reductions in federal spending occurred as mandated by federal law. The automatic budget cuts are known in the parlance of the Beltway as “sequestration.” For issuers of...more

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