NACWA Supports Tax-Exempt Municipal Bonds in Advance of Comprehensive Tax Reform
NACWA recently joined with a broad coalition of organizations—concerned about preserving tax-exempt municipal bonds—in a letter to Congress organized by the U.S. Conference of Mayors. Many anticipate that Congress will take up comprehensive federal tax reform soon. Early proposals that have been floated have included capping or eliminating the tax-exemption for municipal bond interest, which would increase infrastructure financing costs for communities nationwide by roughly 25 percent. Fortunately, a broad range of organizations, including NACWA, are advocating on Capitol Hill to urge preservation of this important financing tool for critical municipal water and wastewater projects. For more information about the Association’s advocacy efforts, and what you can do to help, visit NACWA’s Tax Exempt Municipal Bonds resource page, or contact Kristina Surfus, Legislative Affairs Manager.