President Bush Signs Long-Delayed Tax Reconciliation Bill Into Law

McConnell, Alison L.
May 2006
Bond Buyer;5/18/2006, Vol. 356 Issue 32384, p5
Trade Publication
The article reports on the signing of U.S. President George W. Bush of the long-delayed tax reconciliation bill into law in May 17, 2006. The legislation requires brokers to submit tax-exempt interest and to have written loan agreements for at least thirty percent of proceeds at the time of issuance. However, the law has been condemned and praised alternately by the municipal market groups.


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