Municipal Bond "Dear Colleague" Published and Sent to Chairman Smith

As one of the top ten federal tax expenditures, the municipal bond tax exemption remains vulnerable as a potential pay-for. GFOA continues our efforts to preserve this valuable tool for infrastructure. Last week, the GFOA-led Public Finance Network secured a letter from Rep. Don Bacon (NE-02) addressed to Chairman Jason Smith (MO-08) of the top tax writing House committee, Ways and Means, where he expressed his strong support for preserving the tax-exemption. In a few business days, this “Dear Colleague” letter received sign on and backing from over 25 Representatives on both sides of the aisle. We could not have achieved this without your outreach, so thank you. Additionally, we are working around the clock to get a companion letter about the importance of maintaining the tax-exemption in the Senate that will be addressed to Senate leadership.