Ira Smelkinson

Ira Smelkinson

Managing Director

Loop Capital Markets

Ira Smelkinson joined Loop Capital Markets in June 2022 as a Managing Director in the Investment Banking/Public Finance Division in New York to lead the firm’s national transportation business. Ira has over 35 years of Wall Street investment banking experience. He joined Loop Capital Markets from Morgan Stanley where he worked for 23 years, most recently heading that firm’s municipal transportation practice. He started his investment banking career at Merrill Lynch. During his career he has been involved in over $40 billion of bond financing to develop transportation infrastructure throughout the United States. Additionally, he has served as both sell side and buy side advisor in connection with P3 transactions for transportation assets. Ira earned a B.S. with honors in Accounting from the University of Maryland and an M.B.A. from the University of Chicago Graduate School of Business. Prior to working in investment banking, he served as a senior tax accountant at an international accounting firm.

Featured Sessions

Thursday, February 6, 2025
10:15 am

The 2017 Tax Cuts and Jobs Act expire at the end of 2025, and taxes will rise automatically if Congress does not act. As the Trump administration and a new Congress take over, we will examine:

  • How real is the threat to the tax exemption?
  • What other scenarios may play out, such as the elimination of tax-exempt PABs or bonds for certain sectors like housing and healthcare, where Republicans look to the muni market for revenue to offset TCJA provisions?
  • What effect will potential tariffs have on the industry?
  • Will changes to immigration have an effect on state and local tax revenues?