NCLA Files Comments Deeming Treasury’s “Tax Cut Ban” Final Rule Opaque and Unconstitutional Interim Final Rule – Coronavirus State and Local Fiscal Recovery Funds, 31 CFR Part 35 Washington, D.C., July 15, 2021 (GLOBE NEWSWIRE) — The U.S. Department of Treasury’s Interim Final Rule (IFR) implementing the “Tax Cut Ban” provision of the American Rescue Plan Act of 2021 (ARPA) is unconstitutional, NCLA warns in comments filed today. ARPA offers approximately $195 billion to states and their residents to assist with economic recovery from the Covid-19 pandemic, but only on the condition that the states accept the Tax Cut Ban provision of the bill that prohibits reducing state taxes.