U.S. Ports Warn that Tax Bill May Raise Project Costs
Post date
November 22, 2017
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According an article in The Maritime Executive, The American Association of Port Authorities is worried that Congress’ ongoing tax reform plans could have a profound effect on financing for port infrastructure projects.
The House version of the Republican tax reform package – which was approved by the full House this week – would eliminate this exemption, which currently covers about $20 billion in bond financing for local projects ranging from schools to wastewater systems to wharf improvements."