The municipal bond tax exemption emerged untouched Wednesday after a 17-hour House Ways and Means session on the tax portion of the Republicans’ massive budget reconciliation bill. The marathon mark up — and early Wednesday morning passage — of the $3.8 trillion tax legislation advances President Donald Trump’s “big, beautiful bill” encompassing his domestic agenda. The municipal market for months worried that the tax portion would target muni bonds in part or whole, but reported feeling cautiously optimistic after the bill’s first draft left munis untouched.
Source: The Latest
