WASHINGTON — Lawmakers on Tuesday moved forward with two legislative efforts to overhaul the U.S. tax code, which would either halt, or threaten, tax-exemption for new muni bonds.

The two tax reform packages, one unveiled as a bill in the Senate and the other as part of a draft fiscal 2012 budget resolution in the House, illustrate there may be growing interest in foregoing tax-exempt interest on new municipal bonds in favor of more efficient alternatives to subsidize state and local debt.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access