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 Protect Tax-Exempt Municipal Bonds

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NACo Issues Action Alerts on Municipal Bonds

 

URGE YOUR HOUSE MEMBERS to sign on to a letter urging House Speaker John Boehner (R-OH) and House Democratic Leader Nancy Pelosi (D-CA) to support municipal bonds and to oppose proposals that would cap or eliminate the deduction for municipal bond interest. A bipartisan "Dear Colleague" urging Members to sign on is being circulated by former county executive and U.S. Rep. Dutch Ruppersberger (D-MD) and Rep. Randy Hultgren (D-IL). Click here to read the "Dear Colleague" and the letter to House Leadership.

URGE YOUR HOUSE MEMBERS to co-sponsor House Resolution 112, which former local elected officials Reps. Lee Terry (R-NE) and Richard Neal (D-MA) just introduced. Commemorating the 100-year precedent of the federal tax exemption of municipal bonds, the resolution reinforces the importance of these bonds to local governments across the country.  Click here to read the resolution.   

Resources

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 Presentation
 
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    Senate Letter
 
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       Fact Sheet
 
 
Interactive Map
County & State Data Profiles

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   Press Release

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     Joint Report

   

Background

Tax-exempt municipal bonds have been a fundamental feature of the United States tax code since 1913. Municipal bonds remain the primary method used by states and local governments to finance public capital improvements and public infrastructure projects that are essential for creating jobs, sustaining economic growth and improving the quality of life for Americans in every corner of this country.

Ninety percent of infrastructure muni-bonds financing went to schools, hospitals, water and sewer facilities, public power utilities, roads and mass transit over the last 10 years. During that decade, $514 billion of primary and secondary schools were built with financing from tax exempt bonds; nearly $288 billion of financing went to general acute-care hospitals; nearly $258 billion to water and sewer facilities; nearly $178 billion to roads, highways, and streets; nearly $147 billion to public power projects; and $105.6 billion to mass transit.​ 

 
 

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​​​​​​​​​​​​​If you have questions or need assistance, contact Mike Belarmino at 202.942.4254

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