WASHINGTON - Tax conferees have drastically weakened the tax-exempt bond component of the enterprise zone proposal that was included in the final version of President Clinton's budget and tax package.

On the positive side for the municipal market, however, the final agreement that negotiators completed Monday night would make permanent the tax exemptions for mortgage revenue bonds and small issue industrial development bonds, and the low-income housing tax credit. All three expired June 30,1992.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.