Only a few months ago, the public finance industry was shaken when the U.S. House of Representatives proposed to eliminate tax-exempt private activity bonds (“PABs”), despite previous assurances that tax reform would not...more
On November 9, 2017, the Chairman of the Senate Finance Committee (the “Chairman”) released a conceptual outline of the Chairman’s tax reform proposal. Unlike the Tax Cuts and Jobs Act, H.R. 1, which was voted out of the...more
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