Will Trump’s tax reforms finally unshackle private activity bonds for water?

Removing the volume cap on tax-exempt private activity bonds for water projects in the US would serve the President’s public-private infrastructure ambitions. The newly proposed enabling legislation is unlikely to make it through under its own steam.

Advocates for the removal of a volume cap on the issuance of tax-exempt private activity  bonds for water projects in the US are confident that the long-sought revision will soon see the light of day, after more than a decade of previous attempts were scuppered by political lethargy.

While proponents concede that a bill (H.R.3009) introduced last month to remove the volume cap is unlikely...

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