Private Activity Bonds and AMT

SIFMA provides comments to Congressmen Richard Neal and Paul Ryan, both members of the U.S. House Committee on Ways and Means, on H.R. 425, which would permanently exclude private-activity bond interest from the alternative minimum tax (AMT). This bill will spur demand for private-activity bonds and lower the financing costs for state and local issuers at a time of critical fiscal and budgetary constraint.