WASHINGTON -- Sen. John Breaux yesterday introduced legislation that would make the tax exemption for small-issue industrial development bonds permanent.

The move makes him the first Senate Finance Committee member to propose legislation to extend the use of IDBs since the Tax Reform Act of 1986 was passed.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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