Industry celebrates fed tax bill

18/12/2017
The P3 industry has welcomed the new federal tax bill, which saw Congress keep private activity bonds (PABs) after some strong lobbying on the issue.

The future of PABs had been far from guaranteed after they had been dropped from the House version of the bill. However, when Congress merged the House and Senate proposals, the final version retained PABs, meaning that the financing tool will still be available for new infrastructure projects.

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