Tax Credit Bonds

SIFMA provides comments to the U.S. House of Representatives in support of the House Amendment to Section 301 of the Senate-passed bill related to Qualified School Construction Bonds and other tax credit bonds. Under the House Amendment, state and local school districts and governments would be able to achieve the no-cost or low-cost financing that Congress originally intended, similar to the highly successful Build America Bonds (BABs) program. The cost to the federal government would be no more, and likely less, than under current law, as has been the case with the BABs program.