Introduced to Designate 40 percent of Annual LWCF Appropriations to the State
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).
Tax Reform Threatens Municipal Bond Tax Exemption: Contact
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.