Although the federal government shutdown has dominated media headlines for more than a month, another subject – a cornerstone of the Trump presidential campaign – is sneaking its way back into the news.
View this complete post...Posts Tagged ‘Private Activity Bonds’
Is Infrastructure (once more) emerging as a federal priority?
Thursday, January 31st, 2019President’s ‘leaked draft plan’ for infrastructure holds high interest
Wednesday, January 24th, 2018The 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.
View this complete post...Infrastructure projects worth billions hang in limbo as Congress debates tax reform bill
Friday, December 15th, 2017The 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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