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Posts Tagged ‘PABs’

President’s ‘leaked draft plan’ for infrastructure holds high interest

Wednesday, January 24th, 2018

The expanded use and funding for Private Activity Bonds (PABs) has again taken over the spotlight in infrastructure debate in America. A six-page document claimed to be the draft outline for President Trump’s long-awaited national infrastructure plan was leaked this week and PABs are among the major infrastructure funding principles addressed. 

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Infrastructure projects worth billions hang in limbo as Congress debates tax reform bill

Friday, December 15th, 2017

The House bill eliminates Private Activity Bonds (PABs) and Low-income Tax Credits, which are critical to the construction of housing developments. Both bills call for eliminating advanced refinancing bonds. These tax-exempt bonds allow cities to refinance debt. Without advance refinancing bonds, many large projects at the state and local levels of government will be immediately jeopardized. Additionally, the tax reform bill, unless changed, increases the federal deficit and that will trigger $150 billion in automatic cuts to vital transportation and infrastructure investments.

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