WASHINGTON -- The Joint Tax Committee staff leveled both praise and criticism last week at a group of bills that would ease tax law bond curbs involving the arbitrage rebate requirement, infrastructure financing, and 501(c)(3) bonds.

In a report prepared for a hearing on the proposals, the staff members said they were concerned some parts of the bills could revive opportunities for abuse in the tax-exempt bond area that were squelched by the Tax Reform Act of 1986.

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