Water sector stunned as House tax bill sounds the death knell for PABs

A draft tax reform proposal would eliminate the tax-exempt status of private activity bonds in the US. How much of a setback would this be for private water projects?

The US water sector was blindsided by the introduction of a draft federal tax reform bill in the House of Representatives this month which proposes eliminating the tax-exempt status of private activity bonds.

The market had been quietly confident that the Trump administration would broaden the applicability of private activity bonds (PABs) for water projects by finally bowing to pleas to remove...

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