On April 25, 2012, the U.S. Senate Finance Committee held a hearing on “Tax Reform: What is Means for State and Local Fiscal Policy”.
BDA has submitted a written statement to the Committee, which focuses principally on urging Congress to retain current tax law treatment of municipal bonds and outlining the potential impact any limitation or elimination of the tax-exemption for municipal bonds would have on issuers.
BDA continues to meet with Members of Congress and their staff to stress the important role that municipal bonds bonds play in financing infrastructure and other capital projects and to urge their attention to this important issue.
View BDA’s full statement [here.]
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