NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has released a public finance research report entitled “Flawed Estimates Provide Misleading Support for the Elimination of Tax Exemption for Not-for-Profits”. The proposed bill intends to eliminate the benefits of tax exemption for not-for-profit hospitals and universities, airports, ports, and low income housing (called “private activity bonds” or PABs). It also eliminates tax exemption for advance refunding bonds, which has implicatio
