The American Public Power Association recently submitted comments to the House Committee on Ways and Means Tax Teams on Supply Chain, Main Street, and Community Development Tax Issues.
The letter to the Supply Chain Tax Team highlights the importance of elective payment. The letter also warns that implementation is not complete. This uncertainty is limiting the potential of this important new program.
The letters to the Community Development and Main Street Tax Teams are identical and highlight the importance of tax-exempt financing and ask that steps be taken to improve it including:
- Reinstating the ability to issue tax-exempt advance refunding bonds;
- Increasing the current small-issuer exception limit from $10 million to $30 million;
- Ending the sequestration of direct payment bonds;
- Simplifying arbitrage investment restrictions; and
- Simplifying private-use limitations.
