The House Ways and Means Committee this week is working through amendments to a sweeping tax bill that includes elimination of the tax exemption for private activity bonds and the ability to advance refund debt on a tax-exempt basis. This would be damaging to Washington State’s nonprofit hospitals and health systems, as well as public hospitals. Among the amendments considered Wednesday — and rejected on a party line vote — was one by Rep. Suzan DelBene that would have restored the tax exemption for private activity bonds.
The panel, on which Rep. Dave Reichert also serves, remains on target to finish the bill Thursday, sending it to the House floor for a vote next week.
Release of the Senate Republican tax bill — expected for Thursday — may be delayed, according to reports from Washington. The Senate Finance Committee, on which Sen. Cantwell serves, had planned to take action on it next week.
Read more in Inside D.C. (John Flink, WSHA Federal Lobbyist)