The Senate approved jobs legislation that extends Build America Bonds past a scheduled end in December for a limited number of education and economic development bonds, though it did not expand the financing option to private not-for-profits. President Barack Obama had proposed such an expansion in his budget.
Meanwhile, two U.S. senators proposed sweeping tax law changes that would replace tax exemptions for municipal and not-for-profit bonds with tax credits. Chuck Samuels, counsel for the National Association of Health and Educational Facilities Finance Authorities, said the proposal by Ron Wyden (D-Ore.) and Judd Gregg (R-N.H.) stands little chance of passage and does not present a threat to the tax-exempt bond market.
What do you think? Post a comment on this article and share your opinion with other readers. Submit your comments to Modern Healthcare Online at
mheditorial@modernhealthcare.com. Please be sure to include your hometown and state, along with your organization and title.
