The IRS released on Dec. 30, 2024, final regulations on Sections 1.150-3 and 1.1001-3(a)(2) (the Regulations) regarding the reissuance and retirement (debt extinguishment) of tax-exempt tender option bonds....more
1/28/2025
/ Bonds ,
Capital Markets ,
Final Report ,
Final Rules ,
Internal Revenue Code (IRC) ,
IRS ,
Regulatory Requirements ,
Secured Overnight Funding Rate (SOFR) ,
Tax Liability ,
Tax Planning ,
Tax-Exempt Bonds
Because of the continuing COVID-19 crisis, the IRS has issued Revenue Procedure 2020-49 (the Revised Guidance), which extends the period during which remote telephonic hearings qualify as "public hearings" required for...more
The COVID-19 crisis has caused many disruptions in the municipal bond market. Over the course of the crisis, many issuers of tender bonds or tax-exempt commercial paper have been unable to remarket their tender bonds or...more
The Internal Revenue Service (IRS) on May 22, 2019, issued much awaited guidance in Notice 2019-39. This Notice allows for refinancings or refundings by Native American tribal governments of Tribal Economic Development bonds...more
Many states, local governments and conduit borrowers (e.g., 501(c)(3) not-for-profit corporations) have directly placed tax-exempt loans (secured by the issuance of notes or bonds) with lenders, such as banks and their...more
1/10/2018
/ Banks ,
Borrowers ,
Corporate Taxes ,
Interest Rates ,
Lenders ,
Loans ,
Nonprofits ,
Secured Notes ,
State and Local Government ,
Tax Rates ,
Tax-Exempt Bonds
• The Tax Cuts and Jobs Act introduced in the U.S. House of Representatives on Nov. 2, 2017 – now in markup by the House Ways and Means Committee – has a number of provisions that would likely have a negative impact on the...more
11/8/2017
/ Alternative Minimum Tax ,
Banking Sector ,
Bonds ,
Corporate Taxes ,
Interest Payments ,
Public Financing ,
State and Local Government ,
Tax Cuts ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Ways and Means Committee
The Internal Revenue Service (IRS) earlier this year released Rev. Proc. 2017-13 (the Guidelines), which contained new safe harbors for qualified management contracts relating to facilities financed with tax-exempt bonds. The...more