WASHINGTON - The House Ways and Means Committee has taken the first step toward drafting a second tax bill this year by announcing its intention to hold hearings on nearly two dozen proposals related to tax-exempt financing.

The 23 proposals on municipal bonds are part of a much longer list of more than 100 tax-related items proposed by panel members. They include four so-called rifle shots - proposals that would benefit specific tax-exempt bond projects in California, Connecticut, Tennessee, and Wisconsin.

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