Protect Municipal Bonds
NLC calls on Congress and the President to preserve the federal income tax exemption on municipal bonds. Learn more about how municipal bonds help cities modernize our nation’s infrastructure below and join NLC in our efforts to protect the tax exemption for municipal bonds.
Tax-exempt municipal bonds allow local governments to finance roads, water infrastructure, public utilities, health care facilities, and so much more. However, despite their enormous success as a financing tool that drives development while saving local governments interest costs, several federal proposals have emerged over the last few years that would modify or eliminate the tax exemption. As Congress considers comprehensive tax reform during the next session, we must stand strong in defense of municipal.
One way to help protect the tax exemption for municipal bonds during the new congressional session is to grow the Congressional Municipal-Finance Caucus. Founded in March 2016 by Representatives Randy Hultgren (IL-14) and Dutch Ruppersberger (MD-2), the Caucus is fighting for local governments’ ability to independently finance projects to keep their communities strong.
We need your help to grow the Caucus. Send a letter to your member of Congress today urging them to join the Congressional Municipal-Finance Caucus and protect the tax exemption for municipal bonds.