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CDFA Legislative Agenda
CDFA's legislative efforts will be focused within the following three legislative and policy areas. >>> Printable One Page Agenda |
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| Policy Area 1: Improving the Use of Industrial Development Bonds (IDBs) |
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To address these challenges, CDFA has outlined the following priorities:
1. Amend the definition of which users qualify for small issue bonds to include new economy industries
CDFA’s Updated Manufacturing Definition for IDBs Legislation Introduced in United State Senate
-- Change Would Allow High-Tech & Innovation Companies to Access IDBs -- >>>Read More
CDFA IDB Legislation Gains New Co-Sponsor >>>Read More
Help Support S. 2885 - View, Edit and Send Sample Letter >>>View & Edit
Official Bipartisan Senate Press Release Announcing Introduction of S. 2885 >>>Read More
Senator Olympia Snowe's Official Statement in the U.S. Senate on CDFA bill S. 2885 >>>Read More
Senator John Kerry's Official Statement in the U.S. Senate on CDFA bill S. 2885 >>>Read More
California Treasurer Lockyer Applauds CDFA's IDB Definition Legislation >>>Read More
Legislation to Expand the Definition of Manufacturing for IDBs >>>Read More
Technical Explanation on IDB Definitional Changes >>> Read More
2. Increasing the maximum IDB bond size limitation from $10 million to $20 million
Increasing the maximum IDB bond size limitation >>>Read More
3. Amend limitations on bank-qualified bonds for both manufacturing bonds and 501(c)(3) bonds
Issue Overview & Objectives >>>Read More
Legislative Proposal: “Bank Qualified” Manufacturing Bonds >>>Read More
Legislative Proposal: “Bank Qualified” 501 (c) (3) Non-Profit Bonds >>>Read More
4. Modifying or eliminating AMT on IDBs
5. Eliminate the restriction on the use of accelerated depreciation by companies using IDB financing
6. Support ongoing Federal Home Loan Bank (FHLB) Letter of Credit for IDBs Legislation
7. Support general improvements to tax-exempt financing that benefit the development bond finance industry and CDFA constituents |
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| Policy Area 2: Advocate for Sound Practices in the Use of Tax Increment Financing (TIF) |
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To support this effort, CDFA has established the new Tax Increment Finance Coalition (TIFC) to become a leading advocate for the sound use of TIF.
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| Policy Area 3: Supporting Federal Financing Programs |
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To support this policy area CDFA will advocate for the continued support of Congress for federal economic development finance programs and legislation that supports this industry.
Supporting New Markets Tax Credits - CDFA Signs on to Letter Supporting the Extension of NMTC Program >>>READ MORE
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