The President has signed the tax bill into law as of Friday, December 22, 2017.  A link to the enrolled version of the bill as passed by the House and Senate is here and a link to the Statement of Managers of the conference committee on H.R. 1 is here.

Provisions of Interest in the Final Tax Bill Include:

  • Private Activity Bonds - Preserved without change
  • Advance Refundings - No advance refunding bonds after December 31, 2017 
  • Tax Credit and Direct Pay Bonds - No new tax credit or direct pay bonds may be issued after December 31, 2017, but payments for outstanding bonds will continue
  • Stadium Bonds - Preserved without change
  • New Markets Tax Credits - Preserved without change
  • Mortgage Credit Certificates  Preserved without change
  • Low Income Housing Tax Credit – Preserved without change

Additional Resources

  •  NABL's White Paper and Summary

NABL has prepared a paper on the importance of tax-exempt financing and a summary that members can use. The paper is available here and includes an introductory summary.

  • Letters to the Editor/Op-Eds

Click here to view letters and Opinion articles sent to newspapers across the country regarding municipal bonds.

  • Letters to Congress/Administration

Click here for a list of letters sent to members of Congress and the Administration regarding the preservation of the tax exemption for municipal bonds.

  • Reports on Tax Exempt Bonds and Tax Reform

Click here to view a list of reports regarding tax reform and the exemption for municipal bonds we have put together.

 If you have any questions, please contact NABL's Governmental Affairs Office via email at