Today's GFOA Newsletter distributed by the Government Finance Officers Association of the United States and Canada contains an article related to bonds issued by local governmental entities. In the article, the GFOA reported on ongoing efforts to inform the U.S. Congress about the importance of preserving the tax exempt status of bond interest for investors.

The GFOA newsletter article is copied below.

“Lend Your Support to Preserve the Tax Exemption on Municipal Bond Interest

Thursday, January 14, 2016

 As Congress and the White House return to discussions on comprehensive federal tax reform in 2016, GFOA is urging our members to help engage federal lawmakers regarding the need to preserve the tax exemption on municipal bond interest. In addition to the resources already available for your use on our federal government relations page, GFOA is urging members to sign their jurisdictions onto this letter to the leaders of the House and Senate tax writing committees, expressing support for the tax exemption. Beyond GFOA’s membership, the letter is also being distributed by our colleagues at the National League of Cities, U.S. Conference of Mayors, National Association of Counties, and the National Association of State Treasurers. Our aim is to secure the support of hundreds of jurisdictions on this letter to demonstrate to Congress the immense support for this provision of the tax code. Jurisdictions that are interested in signing on should contact Emma Heydlauff at  by February 15.

Download: 

Letter Expressing Support for Tax Exemption”