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Wayne County Commission urges Congress to preserve tax-exempt status for municipal bonds
Summary
The Wayne County Commission unanimously approved a resolution asking Congress, the state and local municipalities to protect the federal tax-exempt status of municipal bonds ahead of potential changes tied to the 2017 tax law.
The Wayne County Commission on a voice vote adopted a resolution calling on Congress, the state of Michigan and local municipalities to preserve the federal tax-exempt status of municipal bonds, which the commission said is essential to financing local infrastructure without increasing costs for taxpayers.
Commissioner Dobbs, presenting the item, said: “This resolution calls upon Congress to preserve the tax exempt status of municipal bonds to support critical local…
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