To accommodate COVID-19-related social distancing requirements, the IRS on May 4, 2020, released Revenue Procedure 2020-21, which provides temporary relief from the in-person public hearing requirement for tax-exempt...more
An issue of private activity bonds will not qualify for tax-exempt status unless the bond issue has satisfied the "public approval" requirement of Section 147(f) of the Internal Revenue Code of 1986, as amended. The bond...more
Qualified Zone Academy Bonds
- The Act authorizes the Secretary of the Treasury to allocate an additional $400 million in QZABs for 2014. Prior to the Act, no additional allocations of QZABs were to be available to the...more