Power Lines Blog

Tax reform: let’s keep up the fight for municipal bonds

Municipal Bonds

As the Administration pivots to tax reform, we are on high alert about maintaining the tax-exempt status of municipal bonds. Bonds are the primary tool our public power utility members use to finance new infrastructure. Eliminating or undercutting the tax-exempt status of these bonds would increase our borrowing costs, and that will be reflected in electric rates. In effect, it is a regressive tax. Public power has the ability to bring local policymakers to the Hill to personally lobby on this issue. We need to be able to do that, and on short notice.

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