House Takes Critical Step Forward for Tax Reform
April 10, 2025
Service: Public Finance Related Professionals: Leslie Powell, Michelle Adams, Matthias Edrich, Steven Likes, Fred Marienthal, Michael Thomas

Click here to download a PDF of this client alert.

This morning, the House passed an amendment to its original budget framework to align it with the budget resolution passed by the Senate late last week. With this procedural hurdle now cleared, the House committees of jurisdiction can move forward with drafting the details of tax reform legislation.

Today’s action by the House is in line with the President’s desire to pass omnibus legislation as part of a single bill. It allows the Senate to utilize budget reconciliation rules and circumvent the 60-vote filibuster hurdle when the time comes to pass tax reform.

Click here to learn more about the implications and next steps in making the economic case for tax-exempt bonds.

Advocacy Initiative: Preserving Tax-Exempt Bonds
April 7, 2025
Service: Public Finance Related Professionals: Leslie Powell, Michelle Adams, Matthias Edrich, Steven Likes, Fred Marienthal, Michael Thomas

Click here to download a PDF of this client alert.

It is no surprise that 2025 is a big year for tax reform. Many of the provisions in the Tax Cuts and Job Act (TCJA) are expiring, and negotiations are already under way for how to extend them. Once again, tax-exempt bonds may be in jeopardy.

With this focus on tax reform and its important implications for you, Kutak Rock is dedicated to keeping you informed and actively engaging on this issue. 

We’d like to introduce you to Capitol Connection – our platform for connecting our clients and community to the rapidly changing discussions in Washington, D.C. and, most immediately, how tax reform could impact the tax-exempt bond industry. 

Click here to learn more.