APWA Joins 19 National Organizations Supporting Municipal Bonds

APWA and 19 other organizations have sent a letter to members of the House Ways and Means Committee strongly supporting maintaining the federal exclusion for municipal bond interest. As Congress and President Trump work towards reforming the Internal Revenue Code it is imperative that municipal bonds continue to be exempt from federal tax, and that state and local governments retain the authority to set their own tax policy. The House Ways and Means Committee is responsible for raising the revenue required to finance the Federal Government. Tax-exempt municipal bonds have financed more than $2 trillion in new infrastructure investments over the past 10 years, and state and local governments depend upon municipal bonds to finance important critical infrastructure projects. Please take time today to contact your U.S. Representative and share this important letter supporting municipal bonds and state and local governments.

Should you have any questions, please contact Andrea Eales, APWA’s Director of Government Affairs, at aeales@apwa.net.