At a Capitol Hill briefing today, National Association of Counties Executive Director Matthew Chase urged Congress to preserve the tax exemption of municipal bond interest in any potential rewrite of the federal tax code. Removing the interest deduction would increase state and local borrowing costs by over $500 billion, costs that would be ultimately shifted to local taxpayers and potentially result in decreased infrastructure investment.
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American Rescue Plan Act Funding Breakdown
Explore NACo's interactive tool that helps navigate the roughly $1.5 trillion in county related funding from the American Rescue Plan Act of 2021.
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