Update on Municipal Bonds

HQLA; Tax Exempt Munis May Still Be At Risk

  • 23 March 2018
  • Author: Aindriu Colgan
  • Number of views: 467
  • 0 Comments
With the omnibus having been passed by Congress, substantive legislative work will wind down until after the elections in November. There are, however, a few outstanding tax/financial issues to note.

Online Sales Tax Update

Congress Remains Stalled

  • 22 March 2018
  • Author: Aindriu Colgan
  • Number of views: 408
  • 0 Comments
Despite a strong last minute effort, Rep. Kristi Noem (R-SD) did not succeed in getting her Remote Transactions Parity Act (RTP) into the omnibus package passed today by the House and expected to be passed by the Senate by Friday.

Tax Extenders Face Scrutiny at Ways and Means Hearing

  • 15 March 2018
  • Author: Aindriu Colgan
  • Number of views: 438
  • 0 Comments
Yesterday, the House Ways and Means Subcommittee on Tax Policy held a seven-hour, 4 panel hearing on the fate of tax extenders—temporary tax extenders like those for biofuels or short-line railroads. While they were just extended retroactively for 2017, they have again expired and currently are not available for 2018.

IRS Issues Additional Partnership Audit Guidance

  • 5 February 2018
  • Author: Aindriu Colgan
  • Number of views: 420
  • 0 Comments

As part of their ongoing implementation of the partnership audit system created by 2015's Balanced Budget Act, the IRS has again released guidance on how partnerships can pay adjustments after an audit.


Congress Delays Cadillac Tax Until 2022

  • 23 January 2018
  • Author: Aindriu Colgan
  • Number of views: 423
  • 0 Comments
As part of Monday’s deal to end the government shutdown, Congress delayed the Cadillac Tax by another two years.
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TFG Experts Compile Special Report on the Infrastructure Investment and Jobs Act

TFG Experts Compile Special Report on the Infrastructure Investment and Jobs Act

TFG outlined programs included in the Infrastructure Investment and Jobs Act critical to its clients in an exclusive Special Report.

WASHINGTON, D.C.—This week, longtime infrastructure and federal funding experts at The Ferguson Group (TFG), compiled an extensive Special Report on the 2,739 page Infrastructure Investment and Jobs Act recently passed by the United States Senate. Importantly, TFG staff members with expertise across all portfolios teamed up to highlight and interpret provisions of particular importance to clients. Clients will also receive timely updates on subsequent negotiations and actions in the U.S. House on the bill and future infrastructure and budget initiatives relevant to their priority projects.

“Our clients need every resource at their disposal to help their communities,” said Jennifer Imo, Managing Partner of Client Services. “But it’s incredibly difficult to filter and interpret the latest federal legislation, emergency funding, and budget provisions to target the right programs—that’s where we come in. Our Special Report distills down the massive Infrastructure Investment and Jobs Act to highlight the federal provisions our clients can advocate for and benefit from quickly.”

“I was pleased to work with my colleagues across issue areas to put together a comprehensive guide to the infrastructure package for our clients,” said Zachary Israel, Principal and Manager of Legislative Affairs. “If passed, this bill could be a real game-changer for our clients. We are also closely monitoring subsequent House actions on the Senate-passed Infrastructure Investment and Jobs Act, FY 2022 Community Project Funding (or “earmarks”), and the potential $3.5 trillion reconciliation package.”

Without a Congressional section-by-section summary currently available, the Special Report provides clients a needed breakdown of the 5-year surface transportation reauthorization bill and additional $550 billion in emergency infrastructure spending included in the Infrastructure Investment and Jobs Act.

 

 

 

 

 

The TFG Special Report on the Infrastructure Investment and Jobs Act summarizes and interprets relevant provisions such as:

  • Surface Transportation;
  • Surface Transportation Investment Act of 2021;
  • Transit;
  • Energy;
  • Drinking Water and Wastewater Infrastructure;
  • Broadband;
  • Revenue Provisions;
  • Infrastructure Investments and Jobs Appropriations Act; and
  • Next Steps.
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Latest TFG News

28 January 2025

TFG Monitoring Developments of Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs

On January 27, the Office of Management and Budget (OMB) under President Trump issued a memorandum titled “Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs.” The directive mandates Federal agencies to temporarily suspend the obligation and disbursement of federal financial assistance while conducting a comprehensive review of programs and awards to ensure alignment with the administration’s policies and priorities. As part of this review, agencies are also instructed to temporarily suspend the issuance of new program solicitations.

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Val Massolo

Val Massolo

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