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Fiscal Cliff Summary and Cities Avoid Losing Exemptions on Federal Bonds

Posted on January 7, 2013 by Dene Westbrook

With Congress and the President passing legislation to avoid the fiscal cliff, cities had a significant victory in that they did not eliminate the tax exemption on federal municipal bonds. While this is great news for cities and villages, we still need to be vigilant as we head into the new year as Congress intends to take a closer look at exemptions. And, if you’re looking for a summary of what passed last week, you can find it attached here.

Summer Minnick is the Director of Policy Initiatives and Federal Affairs and can be reached at 517-908-0301 or sminnick@mml.org

 

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