Increased Costs of Municipal Financing

Unintended Consequences of the Tax Cuts and Jobs Act

As you know, both corporate and individual tax rates were reduced in last year’s Tax Cuts and Jobs Act. Lower tax rates make tax-exempt vehicles like municipal bonds less attractive to both corporate and individual investors; with lower tax rates, they have less incentive to look for tax-exempt investments. Reduced demand for municipal bonds and other tax-exempt investment vehicles like private activity bonds (PABs) means that cities will have to increase the interest rates on new bond issues in order to attract investors.

Update on Municipal Bonds

HQLA; Tax Exempt Munis May Still Be At Risk

  • 23 March 2018
  • Author: Aindriu Colgan
  • Number of views: 704
  • 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: 577
  • 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: 601
  • 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: 683
  • 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.


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US Congressional Calendar

Alex Yiannoutsos

Join the Allergy and Asthma Network’s Virtual Advocacy Day!

The AAN will hold its virtual Allergy and Asthma Day Capitol Hill to connect with Congress and advocate on behalf of the millions of Americans living with asthma, allergies, COVID-19, and related conditions.

You are invited to join the Allergy & Asthma Network’s virtual Allergy and Asthma Day Capitol Hill (AADCH) on Wednesday, May 4th from 9:00a.m—5:00p.m. ET. Participants will connect with Congress to discuss issues impacting Americans living with asthma, allergies, COVID-19, and related conditions.

Participants are encouraged to engage virtually throughout the day by emailing and calling your members of Congress and posting on social media. Be sure to tag the Allergy and Asthma Network and use the hashtag #AADCH2022!

The event includes a Capitol Hill Lunch Briefing livestream with speakers Tonya A. Winders, President and CEO, Allergy & Asthma Network; U.S. Rep. Debbie Dingell (D-MI), Congressional Asthma and Allergy Caucus Co-Chair and co-sponsor of the bipartisan "Elijah E. Cummings Family Asthma Act"; U.S. Rep. Ro Khanna D-CA) – Invited; Mark Corbett, MD, President, American College of Allergy, Asthma and Immunology (ACAAI) on the “The State of Asthma & Allergy Care in the United States”; Dr. James Kiley, PhD, Director of the Division of Lung Disease, National Health, Lung and Blood Institute, National Institutes of Health (NIH); and Alejandra Nuñez, Deputy Assistant Administrator, Office of Air and Radiation, U.S. Environmental Protection Agency (EPA)

View the full schedule and register here.

WHO:     Hosted by the Allergy & Asthma Network

WHAT:   Allergy and Asthma Day Capitol Hill

WHEN:   Wednesday, May 4th from 9:00a.m.—5:00p.m. ET

WHERE: Virtual, on Zoom. Register here.

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