The Washington Economic Development Finance Authority has completed its offering of $133,600,000 in tax exempt bonds to finance an innovative, sustainable pulp mill that will be the first in North America to produce market pulp for papermaking without using trees.

MassDevelopment has issued a $6.96 million tax-exempt bond on behalf of Ivory Keys LLC, an affiliate of the project's sponsor, L.D. Russo Inc., for the development of affordable housing at a former piano case manufacturer.

Rep. Luke Messer (R-IN) is shepherding a bill through the House that would revise current regulations to encourage financial institutions to work with municipalities to make infrastructure improvements more affordable.

In a preliminary ruling, the IRS said that the bonds don't meet its requirements to be "excluded from gross income for federal income tax purposes." The Wisconsin Public Finance Authority, which issued the bonds last August, said it will appeal the decision and will continue to negotiate with the IRS.

Though the Municipalities Continuing Disclosure Cooperation Initiative has been praised by regulators for bringing increased attention to continuing disclosure, it also has raised questions and led to inconsistent disclosure language by state and local governments, lawyers during a webinar said on Wednesday.

A STAR Bond is a tax increment financing program which allows city governments in Kansas to issue special revenue bonds that are repaid by all of the revenues received by the city or county from incremental increases in taxes within the designated portion of the city's "sales tax and revenue" (STAR) Bond district. Kansas Legislative Research Department answers other key aspects of a STAR bond.

CDFA has submitted tax policy recommendations to the Senate Finance Committee as the SFC takes its initial steps toward comprehensive tax reform. The submission comes following a request from SFC Chairman Orrin Hatch for advice and suggestions on ways to improve the tax code from tax policy stakeholders.

CDFA Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern

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