Tax Reform: The Threat of Annihilation of Tax Exempt Financing

On November 2, 2017, the Republican leadership of the U.S. House released a tax reform bill that has the potential to eliminate, effective January 1, 2018, tax-exempt bond financing for nonprofits, housing, student loans, and industrial development (so-called “private activity bonds”), as well as restricting tax-exempt bond financing by state and local governments. Join uniquely qualified governmental, bond, and legislative counsel for insight on these changes, the prospects for enactment of such legislation, and how participants in tax-exempt financings can respond to this disruptive development.