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.

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.