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Requests for Muni Bond Tax Relief – You Can Help

With stories about stimulus and relief  from COVID-19 swirling, municipal bond industry groups are springing into action to help Congress and Treasury help us all. NABL sent a letter on Sunday to Congress and Treasury, asking for broad relief on a number of tax topics affected by COVID-19. The request is stated in broad strokes (broad strokes, as in “home run strokes” – be sure to read it), and more details on the specifics are sure to follow.

Importantly, you (yes, You) can help. Please forward the letter (which is linked above and linked again here, to your Senator and Congressperson and request your colleagues and contacts to do the same.  You can find your Senator (or someone else’s) here and your Congressperson here. As we noted in our post last week, COVID-19 touches all sorts of tax rules and could cause all sorts of mayhem. It looks like relief is on its way – but, just like we did in 2017, we need to make our voices heard.

© Copyright 2020 Squire Patton Boggs (US) LLP

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About this Author

Senior Associate

Johnny Hutchinson focuses his practice on taxation. He has significant experience in tax issues relating to public finance. Johnny has devoted substantial time to all types of tax-advantaged state and local debt, including governmental financings and financings for 501(c)(3) health systems, colleges and universities throughout the country. He also has experience with private activity financings, including solid waste disposal and sewage facilities for large utilities and one of the nation’s largest waste management companies.

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