New Senate Tax Bill Eliminates Advance Refundings Contains Differences From House Tax Bill The Tax Bill proposed by the Senate Finance Committee yesterday differs substantially from the bill introduced last week in the House. The Senate Tax Bill retains the ability to...
The Tax Bill introduced yesterday in the U.S. House would drastically curtail tax-exempt financing used by States and municipalities and eliminate all tax-exempt financing for charitable 501(c)(3) organizations beginning next year. It also severely restricts the...
Yesterday in an unexpected development, the U.S. House of Representatives released the draft Tax Cuts and Jobs Act, which would eliminate tax-exempt financings for ALL 501(c)(3) organizations, including hospitals, retirement communities, colleges and other nonprofits....