No Tax Breaks for Sanctuary Jurisdictions – Impact on Local Funding.
This bill aims to deny tax-exempt status for bonds issued by jurisdictions that limit cooperation with federal immigration authorities. This could increase borrowing costs for these areas, potentially affecting their ability to fund public services and projects for residents.
Key points
States and local governments that do not cooperate with federal immigration enforcement will lose tax exemptions on their bonds.
Losing tax-exempt status could make it more expensive for these jurisdictions to borrow money, potentially impacting local budgets and public investments.
The changes apply to bonds issued after the law takes effect.
Status:
Expired
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