Tax-exempt bonds

The municipal bond market may soon get its first glimpse of hotly anticipated tax legislation.

The Commercial Metals Company and the West Virginia Economic Development Authority took a chance by coming to market with a tax-exempt $150 million junk-rated private activity bond sale financing a scrap metal steel mill during uncertain times for the construction industry.

It's the latest in a series of legislative efforts to restore tax-exempt advance refunding of bonds.

Committees will begin Tuesday to mark up their pieces of the sweeping tax bill, with the key Ways and Means committee session tentatively set for May 12.

Losing its 501(c)(3) status could cost Harvard $500 million annually.

Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.

As the municipal bond community rallies around protecting the tax-exempt status of munis, alternative viewpoints emerge for why it should be eliminated.

Congress has hit the pause on Washington, D.C.'s budget process as a framework for transforming the RFK Stadium site into a viable $3.2 billion NFL venue emerges including the possibility of tapping $856 million in public funds.

Rep. French Hill and committee leaders urged House Ways and Means to protect tax-exempt municipal bonds as Congress gears up to tackle tax policy.

Draft reconciliation bill text could be released within the next few weeks, said Brett Bolton, vice president of federal legislative and regulatory policy at the Bond Dealers of America.