Tax Reform Update

The House has passed its version of tax reform and the Senate Finance Committee has sent its version to the full Senate, with consideration on the Senate floor expected the week of November 27.  Both versions would end advance refundings after December 31, 2017.  The House bill would, in addition, end private activity bonds after December 31, 2017.

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New Teleconference: Tax Reform Update - Part 2

NABL is hosting Part 2 of the Tax Reform Update teleconference series on Tuesday, November 28, 2017, 1:00-2:00pm Eastern. Join moderator Joseph (Jodie) Smith (Maynard Cooper & Gale P.C.) and panelists, Jessica Giroux (NABL), John McNally (Hawkins Delafield & Wood LLP), Mitch Rapaport (Nixon Peabody LLP), and Linda Schakel (Ballard Spahr LLP) as they cover legislative updates as well as tax law matters and securities law matters of relevance should all or part of the current legislation become law. This is a free regular members-only teleconference. Registrants can email their questions in advance of and during the call to comments@nabl.org.

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Senate Finance Markup - Advance Refunding Amendment

The Senate Finance Committee will mark up its tax proposal beginning at 3:00 PM Eastern today. Their proposal would eliminate advance refunding bonds but retain private activity bonds.

Senator Cardin (D-MD) has filed an amendment to, among other things, strike the repeal of advance refunding bonds.  Co-sponsors for this amendment are Senators Brown (D-OH), Cantwell (D-WA), Stabenow (D-MI), Casey (D-PA), and Wyden (D-OR). In the list of amendments filed, this amendment is referred to as “Cardin 2” and described as “Expanding and improving economic development incentives for investment in struggling communities.”  The full list of amendments filed is available here.


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