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