Many tax-exempt bonds and related hedges, such as interest rate swaps ("Exempt Instruments"), use a LIBOR-based interest rate. LIBOR is going away, and existing Exempt Instruments are going to have to be modified to replace...more
10/29/2019
/ Alternative Reference Rates Committee (ARRC) ,
Exemptions ,
Fair Market Value ,
Financial Instruments ,
Interest Rates ,
IRS ,
ISDA ,
Libor ,
Popular ,
Proposed Regulation ,
Public Finance ,
Regulatory Agenda ,
Rulemaking Process ,
Safe Harbors ,
Secured Overnight Funding Rate (SOFR) ,
Swaps ,
Tax Exemptions ,
Tax Planning ,
Tax Relief
In a private letter ruling (PLR 201918008) publicly released earlier this week, the IRS addressed the statutory safe harbor relating to the allowable term for leases of port and airport facilities financed with tax-exempt...more
New tax rules relating to establishing the issue price of publicly offered tax-exempt bonds become effective soon. This outline describes the new issue price rules, provides a high-level strategic analysis to help guide a...more
IRS Revenue Procedure 2017-13 (the "Revenue Procedure") sets forth, and significantly liberalizes, the requirements for determining whether a contract (a "Services Contract") with a service provider or manager (a "Service...more
Qualified Equity - Allocation & Accounting Rules
for Private Business Use -
New Treasury Regulations regarding measurement and allocation of private business use (PBU) benefit universities that finance a...more
11/8/2016
/ Accounting ,
Bonds ,
Educational Institutions ,
Equity ,
Health Care Providers ,
Healthcare Facilities ,
IRS ,
Safe Harbors ,
Service Contracts ,
Tax Exemptions ,
Tax Rates ,
Tax Refunds ,
Universities