WEF Joins in Supporting Tax-Free Municipal Bonds

August 22, 2013

Laws & Regs

The Water Environment Federation (WEF; Alexandria, Va.) joined 53 other organization to send a letter to U.S. senators opposing any changes to tax-free municipal bonds in the comprehensive tax reform bill that the Senate Finance Committee is drafting.

Maintaining the tax-exemption supports construction of national infrastructure, which benefits the economy, creates jobs, and provides services for communities, the letter says.

The letter was organized by the U.S. Conference of Mayors (Washington, D.C.), which released a report this year finding that more than $258 billion in water and wastewater infrastructure was financed through tax-exempt municipal bonds in the last decade. The Association of Metropolitan Water Agencies (Washington, D.C.) and National Association of Clean Water Agencies (Washington, D.C.) also recently released a different study analyzing the possible impacts on municipal water and wastewater infrastructure financing if changes are made to tax-free municipal bonds.

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