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Where the GOP Tax Bill Stands

Kriston Capps

Republicans are hastily deliberating the tax bill and and appear to be rethinking some the most controversial features that originally appeared in the House and Senate versions individually. Private-activity bonds (PABs), used to fund infrastructure and affordable housing will likely remain tax exempt. The Low-Income Housing Tax Credit, New Markets Tax Credit, and the Historic Tax Credit are unlikey to change directly in the final bill, however it the corporate tax rate is dropped drastically the value of the credits will be undermined.