SDAHO and our national partners, AHA and LeadingAge, in concert with many other national organizations are urging House and Senate leaders to protect the current federal income tax treatment of private activity bonds (PABs) and advance refunding bonds.
These bonds play a critical role in helping not-for-profit hospitals and health systems access low-cost capital, enabling them to keep infrastructure expenditures low so they can efficiently fulfill their mission and focus on the work they do for the public good. In South Dakota, PABs are widely used for affordable housing, nonprofit health and education projects, all which contribute to vibrant local communities.
The AHA this week began running ads on cable television urging legislators to protect the ability for non-profit organizations to access tax-exempt bond financing. To view the ad, visit www.aha.org/bonds.
The tax-exempt bond issue is one of many being taken up by the conference committee to reconcile differences between the House and Senate tax cut legislation. Please contact Rep. Noem and Sen. Thune, who have been appointed to serve on the committee, to let them know to preserve PABs and advance refunding bonds.