The Institute on Taxation and Economic Policy (ITEP) would like states to improve their tax systems with regard to the treatment of low-income residents. However, its recommendations come at a time when states are not wellpositioned to provide much tax relief to anyone.
November 2010, Volume 28, Issue 21
Poverty-Focused Tax Relief
The Short and Useful Life of BABs
The Build America Bond (BAB) program was born of the American Recovery and Reinvestment Act, and came with an expiration date of December 31, 2010. In its short life, it proved very useful to most states. Its demise will probably raise borrowing costs, but also may be a harbinger of more significant changes in the tax-exempt market.