According to the Committee’s press release, “Each of the five bipartisan working groups is currently working to produce findings on current tax policy and legislative recommendations within its area, with the goal of having recommendations from each of the five working groups completed by the end of May. Submissions from stakeholders will be reviewed by the working groups and ideas can be incorporated into the each working group’s final recommendations. The five working group recommendations will be delivered to Chairman Hatch and Ranking Member Wyden, and will be considered in developing bipartisan tax reform legislation.”
The letters advocate for the preservation of the tax-exemption for municipal bonds and call for an increase to the annual issuance limit for issuers of bank-qualified bonds.
Letters from the BDA
- BDA letter to the Community Development & Infrastructure working group
- BDA letter to the Savings & Investment working group
- BDA letter to the Individual Income Tax working group
- Municipal Bonds for America Coalition letter to the Community Development & Infrastructure and Individual Income Tax working groups
- Bank-qualified bonds industry group letter to the Community Development & Infrastructure working group
