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IRS Permanently Allows TEFRA Hearings by Teleconference

On March 18, 2022, the IRS issued Revenue Procedure 2022-20, which permanently allows issuers of tax-exempt private activity bonds to hold TEFRA hearings via teleconference. Pursuant to § 147(f) of the Internal Revenue...more

The Infrastructure Investment and Jobs Act Adds New Categories of Qualified Private Activity Bonds

On November 15, 2021, the Infrastructure Investment and Jobs Act was signed into law and will provide over $1 trillion in funding for a wide array of infrastructure projects. The act also includes certain provisions affecting...more

IRS Extends the Time Period for Holding TEFRA Hearings by Teleconference

On August 31, 2021, the IRS issued Revenue Procedure 2021-39, which allows issuers of tax-exempt private activity bonds to continue to hold TEFRA hearings via teleconference through March 31, 2022. Pursuant to § 147(f) of...more

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