Action Alert

Contact your member of Congress today to urge that HR 1 be amended.

ARTICLE | Nov 10, 2017

Congress is voting on a tax bill this week that would repeal the ability to advance refund municipal bonds and terminate the ability to use private activity bonds. The Senate tax bill would eliminate the deduction for state and local taxes while the House bill would restrict those deductions. Contact your member of Congress today to urge that HR 1 be amended to remove these provisions.

For more details, read the letter to Congress from ICMA and other interested parties. Data on the savings to taxpayers from the advance refund of municipal bonds is available here

Note:  Deadline for amendments to "Tax Cuts and Jobs Act," SD-210, is Sunday, 5:00 p.m.

 

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