Private Activity Bonds: An Analysis of State Use, 2001 to 2006 (CRS Report for Congress)
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| Release Date |
Revised April 25, 2008 |
| Report Number |
RL34159 |
| Report Type |
Report |
| Authors |
Steven Maguire, Government and Finance Division; Heather Negley, Knowledge Services Group |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
This reportidentifies how each state, over the previous several years, has allocated privateactivity bond volume, including abandoned volume capacity.The report also discusses the expansion of the types of projects eligible forprivate activity bond financing since 2001. Approximately $55 billion in new privateactivity bond volume has been created by Congress over the 2001 to 2005 timeframe. A series of estimates by the Joint Committee on Taxation suggests that thenew bonds could reduce federal tax revenue by as much as $5.6 billion. In the 110thCongress, various new proposals would further expand the types of private activitieseligible for tax-exempt financing and modify the rules for existing qualified privateactivities. These proposals are listed and summarized in this report.
