On December 20, 2017, Congress passed the “Tax Cuts and Jobs Act” (the “Tax Act”) under its power to reconcile the 2018 federal budget. The President signed the Tax Act into law on December 22, 2017....more
12/27/2017
/ Alternative Minimum Tax ,
Corporate Taxes ,
Income Taxes ,
Municipal Bonds ,
New Legislation ,
Tax Deductions ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration
As introduced, the House and Senate tax bills are projected to increase deficits and could trigger the Statutory Pay-As-You-Go Act of 2010 (the “PAYGO law”). Without any other legislation to offset the increase, required...more
11/21/2017
/ Infrastructure ,
Legislative Agendas ,
Proposed Legislation ,
Public Finance ,
Public Projects ,
State and Local Government ,
Tax Code ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration
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
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