House bill would reinstate ability to issue tax-exempt advance refunding bonds

April 1, 2021

by Paul Ciampoli
APPA News Director
April 1, 2021

House Municipal Finance Caucus Chairmen Dutch Ruppersberger, D-Md., and Steve Stiver, R-Ohio, recently reintroduced the Investing in Our Communities Act (H.R. 2288), which would reinstate the ability to issue tax-exempt advance refunding bonds.

This is one of the American Public Power Association’s top tax legislative priorities and APPA supports the House bill, which has 22 additional original Democratic and Republican cosponsors.

A related bill was introduced on February 25 by Senators Roger Wicker (R-MS) and Debbie Stabenow (D-MI).

The Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act of 2021 (S. 479) has 18 additional Democratic and Republican cosponsors.