WASHINGTON - The House Ways and Means Committee yesterday approved a tax simplification bill that contains a few minor provisions to ease tax-exempt bond curbs, but that does not include two major bond items that the municipal community wanted.

As expected, Committee Chairman Dan Rostenkowski, D-Ill., dropped the two items in an effort to minimize the bill's cost to the federal government.

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.