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Municipal Bonds Proposed Legislation

Mintz - ML Strategies

New Legislation Would Expand the Use of Municipal Bonds

Mintz - ML Strategies on

Legislation reintroduced by US Rep. Terri Sewell (D-AL) has the potential to significantly expand the use of tax-exempt municipal bonds while creating a new “direct pay” bond. The Local Infrastructure Financing Tools (LIFT)...more

Bricker Graydon LLP

HB 140 brings changes to property tax levies and voted bond issues

Bricker Graydon LLP on

​​​​​​​Beginning with the May 2, 2023 election, House Bill (HB) 140, also known as the “Ballot Uniformity and Transparency Act,” will make sweeping changes to election procedures, affecting all new and renewal municipal...more

Butler Snow LLP

Recent Bipartisan Actions to Restore Tax-Exempt Advance Refundings and Authorize American Infrastructure Bonds

Butler Snow LLP on

The “Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act” (the “LOCAL Infrastructure Act”) and the “American Infrastructure Bonds Act of 2020” (the “AIBs Act”) were recently...more

Spilman Thomas & Battle, PLLC

Update on the West Virginia Legislature - Issue 5

By Friday, February 1, the 24th day of the 60-day regular session of the West Virginia Legislature, the House of Delegates had introduced 820 bills, while the Senate introduced 511. To date, only a handful of bills have...more

Bricker Graydon LLP

Tax reform update: H.R. 1 proposes significant limits on municipal bonds

Bricker Graydon LLP on

UPDATE: In the early morning hours of Saturday, December 2, 2017, the United States Senate, by a vote of 51-49, approved its version of H.R. 1, the Tax Cuts and Jobs Act of 2017, commonly referred to as the Senate’s tax bill....more

Clark Hill PLC

Will Tax Reform’s Elimination of Advance Refundings Usher in a New Era of Municipal Derivatives?

Clark Hill PLC on

With the termination of tax-exempt advance refunding bonds squarely in the crosshairs of the tax reform measures making their way through both houses of Congress, the municipal market needs to consider the impact of the loss...more

Ballard Spahr LLP

Federal Tax Reform: Senate Proposal Repeals Advance Refundings but Keeps Private Activity Bonds

Ballard Spahr LLP on

The Senate Finance Committee unveiled a section-by-section description of its tax reform package on November 9, 2017, including municipal bond provisions that reject efforts by the House Ways and Means Committee to terminate...more

Orrick, Herrington & Sutcliffe LLP

The International Tax Impact Of The 2017 Tax Cuts And Jobs Act

We drafted a tax alert that addresses the impact of the much anticipated "Tax Cut and Jobs Act" (H.R. 1) on the international corporate tax landscape. ...more

Bracewell LLP

Senate Finance Committee Mark Eliminates Advance Refundings, Silent on Private Activity Bonds

Bracewell LLP on

On November 9, 2017, the U.S. Senate Finance Committee released the Description of the Chairman’s Mark of the “Tax Cuts and Jobs Act” (the “Senate Finance Committee Mark”), which sets forth a summary of the proposed tax...more

Nossaman LLP

Proposed House Ways and Means Committee Tax Bill Would Eliminate All PABs

Nossaman LLP on

Last week the House Republican leadership unveiled its much anticipated US tax reform bill. The bill proposes the most sweeping changes to the tax code in 30 years—since the 1986 Tax Act, which by the way imposed many of the...more

Sherman & Howard L.L.C.

Public Finance Advisory: Senate Tax Plan Diverges From House Version

Sherman & Howard L.L.C. on

On November 9, 2017, the U.S. Senate’s Joint Committee on Taxation released its Chairman’s mark of the “Tax Cut and Jobs Act,” a version of which was unveiled by the House of Representatives on November 2....more

Miles & Stockbridge P.C.

Potential Elimination of Future Private Activity Bonds (including Qualified 501(c)3 Bonds), Advance Refundings, Tax Credit Bonds,...

On November 2, 2017, the House Committee on Ways and Means released a draft of its Tax Cuts and Jobs Act (the “Tax Bill”). The Tax Bill proposes to eliminate the federal tax exemption of interest income from all private...more

Orrick, Herrington & Sutcliffe LLP

Summary of State and Local Government Bond Provisions in the Tax Cuts and Jobs Act

On November 2, 2017, the Republican leadership of the United States House of Representatives introduced the Tax Cuts and Jobs Act (the “Bill”). The Bill would make significant changes to tax rules that apply to tax-exempt...more

Sherman & Howard L.L.C.

House Tax Bill Eliminates Private Activity Bonds, Advance Refundings

The House Ways and Means Committee released on November 2, 2017, its draft tax bill (the “Tax Cuts and Jobs Act”), which contains provisions restricting the ability of state and local governments to issue certain types of...more

Latham & Watkins LLP

Massive California Water Bond Slated for November 4 General Election as Proposition 1

Latham & Watkins LLP on

2014 Water Bond targets state’s long-term water needs and aquatic ecosystems. Two months from today, the California electorate will vote up or down on a massive water bond which Governor Jerry Brown signed on August...more

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