Potential Elimination of Future Private Activity Bonds (including Qualified 501(c)3 Bonds), Advance Refundings, Tax Credit Bonds, New Market Tax Credits, and the Alternative Minimum Tax by the Introduction of the Tax Cuts and Jobs Act

On November 2, 2017, the House Committee on Ways and Means released a draft of its Tax Cuts and Jobs Act (the “Tax Bill”). The Tax Bill proposes to eliminate the federal tax exemption of interest income from all private activity bonds (e.g., exempt...
By: Miles & Stockbridge P.C.