Increased Costs of Municipal Financing

Unintended Consequences of the Tax Cuts and Jobs Act

As you know, both corporate and individual tax rates were reduced in last year’s Tax Cuts and Jobs Act. Lower tax rates make tax-exempt vehicles like municipal bonds less attractive to both corporate and individual investors; with lower tax rates, they have less incentive to look for tax-exempt investments. Reduced demand for municipal bonds and other tax-exempt investment vehicles like private activity bonds (PABs) means that cities will have to increase the interest rates on new bond issues in order to attract investors.

Update on Municipal Bonds

HQLA; Tax Exempt Munis May Still Be At Risk

  • 23 March 2018
  • Author: Aindriu Colgan
  • Number of views: 418
  • 0 Comments
With the omnibus having been passed by Congress, substantive legislative work will wind down until after the elections in November. There are, however, a few outstanding tax/financial issues to note.

Online Sales Tax Update

Congress Remains Stalled

  • 22 March 2018
  • Author: Aindriu Colgan
  • Number of views: 361
  • 0 Comments
Despite a strong last minute effort, Rep. Kristi Noem (R-SD) did not succeed in getting her Remote Transactions Parity Act (RTP) into the omnibus package passed today by the House and expected to be passed by the Senate by Friday.

Tax Extenders Face Scrutiny at Ways and Means Hearing

  • 15 March 2018
  • Author: Aindriu Colgan
  • Number of views: 387
  • 0 Comments
Yesterday, the House Ways and Means Subcommittee on Tax Policy held a seven-hour, 4 panel hearing on the fate of tax extenders—temporary tax extenders like those for biofuels or short-line railroads. While they were just extended retroactively for 2017, they have again expired and currently are not available for 2018.

IRS Issues Additional Partnership Audit Guidance

  • 5 February 2018
  • Author: Aindriu Colgan
  • Number of views: 366
  • 0 Comments

As part of their ongoing implementation of the partnership audit system created by 2015's Balanced Budget Act, the IRS has again released guidance on how partnerships can pay adjustments after an audit.


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TFG Brings on New Associate, Ann Durand
Alex Yiannoutsos
/ Categories: News, News & Alerts

TFG Brings on New Associate, Ann Durand

Previously a TFG intern, Ann brings substantial research experience at the state, local, and federal levels.

MOBILE, Ala. – TFG is pleased to welcome Ann Durand as an Associate. Ann was hired full-time after her stellar performance as a 2023 Summer Intern at the firm. As an Associate, Ann will conduct research and provide support for clients’ federal legislative and advocacy efforts.

"We’re so excited to bring Ann on to work with us full time! Ann’s dedication to advancing public policy at all levels of government aligns perfectly with TFG’s mission. With her impressive track record of collaborating with organizations like the National League of Cities and her scholarly achievements, Ann is an excellent addition to our team,” said Jennifer Imo, Managing Partner of Client Services.

"I’ve enjoyed my time at TFG so far and am excited to pursue my passion for researching and implementing impactful public policy full time! I look forward to contributing to the firm’s goals to build stronger, more vibrant communities," said Ann.

Ann has extensive experience conducting and analyzing research. Throughout her educational and professional career, her research has focused on developing and implementing public policy at the state and local government levels. For example, she has experience tracking and compiling COVID-19 data with organizations such as the National League of Cities to further the understanding of the interactions between levels of government in the legislative process.

Before joining TFG, Ann worked as a professor at The University of Alabama while obtaining her Master's in Public Policy and Administration. Since 2017, Ann has served on the Board of Directors for a community bank in Georgia, where she oversees day-to-day business operations and strategic direction of the institution. In 2023, she was elected to the position of Board Secretary, tasked with keeping corporate records and ensuring regulatory compliance.

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