In a very busy end of the year, the IRS provided two new bond regulations: The final public approval (TEFRA) regulations and proposed reissuance regulations....more
On December 22, 2017, President Donald Trump signed into law the most far-reaching tax reform legislation in a generation after Congress approved a short-term spending bill on Thursday, which will keep the government funded...more
12/27/2017
/ Alternative Minimum Tax ,
Corporate Taxes ,
Federal Budget ,
Government Shutdown ,
Municipal Bonds ,
New Legislation ,
Public Finance ,
Tax Deductions ,
Tax Exemptions ,
Tax Increment Financing ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration
Participants in the municipal bond market are breathing easier after Congress passed sweeping changes to the American tax code without provisions under an earlier House bill that would have eliminated approximately 25% of the...more
12/21/2017
/ 501(c)(3) ,
Infrastructure ,
Legislative Agendas ,
Pending Legislation ,
Public Finance ,
State and Local Government ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration
The Senate Finance Committee unveiled a section-by-section description of its tax reform package on November 9, 2017, including municipal bond provisions that reject efforts by the House Ways and Means Committee to terminate...more
11/14/2017
/ 501(c)(3) ,
Bonds ,
Construction Industry ,
Construction Project ,
Infrastructure ,
Legislative Agendas ,
Municipal Bonds ,
Proposed Legislation ,
Public Finance ,
Public Projects ,
State and Local Government ,
Tax Code ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration
The proposed Tax Cuts and Jobs Act released last week would eliminate the federal tax exemption for interest earned on all private activity bonds—including 501(c)(3) bonds and exempt facility bonds—and advance refunding bonds...more
11/6/2017
/ 501(c)(3) ,
Bonds ,
Infrastructure ,
Internal Revenue Code (IRC) ,
IRS ,
LIHTC ,
Low Income Housing ,
Low-Income Issues ,
Proposed Legislation ,
Public Projects ,
State and Local Government ,
Tax Code ,
Tax Reform ,
Tax-Exempt Bonds
State and local governments and 501(c)(3) organizations have been given very flexible guidance by the IRS for longer-term private management of tax-exempt bond financed projects to facilitate general operations and major...more
8/26/2016
/ 501(c)(3) ,
Compensation ,
Construction Industry ,
Infrastructure ,
IRS ,
Management Contracts ,
Project Finance ,
Public Private Partnerships (P3s) ,
Public Projects ,
Safe Harbors ,
Service Contracts ,
Tax-Exempt Bonds
The U.S. Treasury Department and the Internal Revenue Service (IRS) held a public hearing on the definition of issue price for tax-exempt bonds on October 28, 2015. The hearing is another step in the process of changing what...more
The IRS has released guidance in three areas of interest to entities that benefit from tax-exempt bond financings, particularly hospitals and educational institutions. This guidance creates new rules related to management...more
2/3/2015
/ 501(c)(3) ,
ACOs ,
Affordable Care Act ,
Bond Financing ,
Educational Institutions ,
Exempt Organizations ,
Hospitals ,
IRS ,
Management Agreements ,
New Regulations ,
Safe Harbors ,
Tax-Exempt Bonds