Reform proposal would strip tax exemptions for muni bonds

06/27/2013 | Bond Buyer (free content), The

A tax reform proposal from Sens. Max Baucus, D-Mont., and Orrin Hatch, R-Utah, would strip all tax exemptions from the tax code and for them to be re-included, there must be evidence that they help the economy, improve the fairness of the tax code or otherwise support policy objectives. Experts, including SIFMA's Michael Decker, say the industry has a strong case for the municipal bond tax exemption and that it will likely be retained.

View Full Article in:

Bond Buyer (free content), The

Published in Brief: