Democratic platform supports municipal bond tax exemption

AHA News Now

The 2016 Democratic Party Platform released July 21 ahead of the party’s convention in Philadelphia reiterates the party’s support for tax exemptions for municipal bonds, such as hospital bonds. “Democrats will continue to support the interest tax exemption on municipal bonds and will work to establish a permanent version of Build America Bonds as an additional tool to encourage infrastructure investment by state and local governments,” the platform states. House Republicans, led by Ways and Means Committee Chairman Kevin Brady (R-TX), June 24 released a broad outline of their proposed changes to corporate and individual tax laws. The plan calls for elimination of numerous deductions, exemptions and credits viewed as “special interest” provisions, which has raised concerns that the interest deduction for hospital bonds may be targeted for repeal.

Topic: Advocacy and Public Policy
Tag: bonds

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