Column: Private Activity Bonds repeal — The true cost of tax reform
December 12, 2017 at 06:00 AM EST
The Tax Cuts and Jobs Act approved by the House terminates the authority to issue tax-exempt Private Activity Bonds (PAB). The Senate tax bill enacted Dec. 2 does not include a repeal of PAB authority. The House estimates that repeal would generate $40 billion in tax revenues over 10 years.