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WASHINGTON — The near-death acquaintance that clandestine action bonds went through in 2017 beneath tax ameliorate helped accession their arising to $24.9 billion aftermost year.

That’s a 22% jump from the $20.4 billion appear in 2016 back Illinois did not participate in the anniversary ysis the Council of Development Accounts Agencies conducts of PAB arising beneath accompaniment accumulated caps.

2017 PAB Accumulated Cap Allocation and Issuance

Even if the $2.57 billion in PABs issued by Illinois in 2017 are afar to accommodate a added adumbrative year-to-year comparison, arising rose by 9.4%.

Total civic PAB arising neared the $25 billion mark for the aboriginal time back 2007 and alone the third time back CDFA began the ysis in 2005.

Data on PAB arising is calm by the Internal Acquirement Account on Form 8038, but the account does not accumulated that advice for accessible dissemination.

The Band Buyer beforehand this ages submitted a appeal beneath Freedom of Advice Act for the PAB data. The IRS has not yet responded to that request.

The CDFA anniversary survey, which is the best accessible antecedent of civic advice on PABs, has been bedeviled by abridged information.

“There needs to be greater allocation amid agencies in states that administer accumulated cap,” said Tim Fisher, CDFA’s administrator of government affairs. “The IRS

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