MBFA has submitted written comments in advance of Tuesday's U.S. House Ways and Means Committee Hearing on Tax Reform and Tax Provisions Affecting State and Local Governments.

MBFA's comments, authored by the The Honorable Steve Benjamin, Mayor of Columbia, South Carolina, focus on the vital importance of maintaining the tax exempt status of municipal bonds and the potential impact on the municipal market, investors, and issuers if the tax exemption for municipal bonds is altered, replaced or eliminated.

You can view the full statement [here.]  

The hearing will be held at 10:00am Tuesday, March 19, and will consider discussion regarding Federal tax provisions that affect State and local governments, and how those provisions should be viewed in the context of comprehensive tax reform. 

For the full hearing notice, click [here.]

The Witness List Includes:

Mr. Scott Hodge

President, the Tax Foundation

Mr. David Parkhurst

Director of Economic Development and Commerce Committee, Office of Federal Relations, National Governors Association

Mr. Christopher Taylor

Former Executive Director, Municipal Securities Rulemaking Board

Mr. John Buckley

Professor of Law, Georgetown University Law School Graduate Tax Program