July 2013
Legislation Introduced to Designate 40 percent of Annual LWCF Appropriations to the State Assistance Program

     

Yesterday, a group of five bipartisan Members of Congress introduced legislation to designate a minimum of 40 percent of total annual Land and Water Conservation Fund (LWCF) appropriations for the State Assistance Program.  The bill would amend the existing LWCF Act in a manner which places the State Assistance Program on a level playing field with the federal land acquisition program (which is guaranteed a minimum of 40 percent of total LWCF appropriations).

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Tax Reform Threatens Municipal Bond Tax Exemption: Contact Your Senators!

    

Tax reform continues to be a hot button issue in Congress, and a key committee has begun to craft tax reform legislation.  Senate Finance Committee Chairman Max Baucus and Ranking Member Orrin Hatch circulated  a letter to fellow Senators on their proposed “blank slate” plan — essentially a tax reform proposal that would start over with a "blank slate" by eliminating all tax breaks and lowering tax rates for both individuals and corporations alike.  Of concern to local governments is the fact that the draft “blank slate” proposal eliminates the exclusion for municipal bond interest.

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