BDA Submits Tax Policy Recommendations to Senate Finance Committee Chairman Hatch on Tax Reform

On July 17th, the BDA submitted its comment letter and policy recommendations in response to Senate Finance Chairman Orrin Hatch’s (R-UT) request for expert and stakeholder input on tax reform. You can view the BDA’s letter here.

BDA’s Letter Recommends to:

  • Do no harm to the current law status of the municipal tax-exemption
  • Increase the dollar limit on bank qualified bonds (BQ) from $10mm to $30mm and index the amount for inflation
  • Expand the use of private activity bonds (PABs), lift the volume caps, eliminate onerous restrictions that apply under current law, and reject new financing methods like a federal infrastructure bank

Additional Information:

  • You can view Chairman Hatch’s request for stakeholder input here.