"Fiscal cliff" deal avoids AMT pitfall

As part of the "fiscal cliff" deal negotiated by Vice President Joe Biden and Senate Minority Leader Mitch McConnell, R-Ky., the alternative minimum tax will be permanently indexed to inflation. "The expiration of the previous patch threatened to significantly raise borrowing costs for AMT bond issuers," Michael Decker, co-head of municipal securities at SIFMA. The permanent extension of the patch ensures that the law will continue to apply only to high-wealth Americans.

View Full Article in:

Bond Buyer (special access for readers of SIFMA SmartBrief), The

Published in Brief: