The National Association of State Treasurers (NAST) is urging Congress to reinstate a tax preference that was eliminated in the GOP tax-cut law, arguing that doing so would help state and local governments finance infrastructure projects.
The group wants Congress to restore the tax exemption for advance refunding bonds, which state and local governments issue to refinance their debt.
The group lent its support to legislation on advance refunding bonds that was introduced by Reps. Randy Hultgren (R-Ill.) and Dutch Ruppersberger (D-Md.).
Read the complete article at http://thehill.com/policy/finance/375126-state-treasurers-urge-congress-to-restore-tax-exemption-helpful-for
