Dec. 22, 2017 — This week, the House and Senate voted on and passed a final $1.5 trillion tax package, and President Trump signed it into law on Friday, Dec. 22, 2017.

No Democrats in either chamber voted for the bill. All present Republicans voted in support of the bill in the Senate, and only 12 House Republicans voted against the bill. Most of them were from New York, New Jersey and California districts that would be hit by new limits on deductions for state, local and property taxes. (The Hill, 12/20/17)

On Dec. 6, WEF and other water sector organizations sent a letter to Congressional leaders regarding tax reform legislation, expressing concerns over the treatment of private activity bonds (PABs) and advance refunding bonds in the House and Senate versions of the Tax Cuts and Jobs Act. As the letter expressed, these financing tools are very important to the local communities.

In the final legislation, the entire current category of PABs was maintained; however, the repeal of the ability to advance refund municipal bonds was maintained.

WEF and other water sector organizations were, however, relieved that the new law maintains the tax-exempt status for municipal-issued bonds for water and infrastructure projects - an early concern.

Download a copy of the full text of the Tax Cuts and Jobs Act bill.


About This Week in Washington

This Week in Washington is an online news portal from the Water Environment Federation that provides updates on the latest legislative and regulatory developments that affect the water and wastewater communities. It provides concise reports of related bills, regulations, legal decisions, congressional hearings, and other federal government actions, following key issues from introduction to final determination.

This Week in Washington Logo

Return to full list of This Week in Washington articles.

Read more


Visit the WEF News Hub to see all of the current news from WEF.


WEF SmartBrief, a daily e-newsletter designed especially for water sector professionals, delivers the latest news articles from This Week in Washington to your inbox.

SmartBrief is a quick, two-minute read that will help keep you up-to-date with the latest water sector news and trends. Through WEF SmartBrief, you will gain carefully curated and condensed summaries of the day’s happenings, including legislative and regulatory news from WEF and worldwide news sources.

Subscribe to WEF SmartBrief

Want to keep up to date with WEF's news and announcements about our programs and products?

join our mailing list

Contact Us

This Week in Washington is compiled by the WEF Government Affairs department. Please contact us with any questions or comments.

Claudio Ternieden
Senior Director of Government Affairs & Strategic Partnerships

Steve Dye
Legislative Director

Amy Kathman
Government Affairs Specialist