Executive Summary -
On November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act (Public Law 117-58) (the “Act”). The Act provides for more than $550 billion in new infrastructure...more
As “Green Bond” designations become more prevalent in the public finance market, many health care providers are asking: Are Green Bonds Right for Me? Not all transactions are able to achieve designation as Green Bonds,...more
On Wednesday, September 15, 2021, the House Committee on Ways and Means advanced the infrastructure bill (also called the Build Back Better Act). Of particular interest to the public finance market are Subtitles F and G,...more
On December 4, 2020, the IRS released a new private ruling (PLR 202049002), holding that a physician-owned medical services professional corporation (PC) could be included in a consolidated tax return filing along with the...more
In the past few years, the IRS has changed its guidance on whether “management contracts” result in private business use for purposes of the restrictions on use of property financed with tax-exempt bonds. This update...more
5/8/2018
/ Borrowers ,
Compensation ,
Hospitals ,
Internal Revenue Code (IRC) ,
IRS ,
Management Contracts ,
New Guidance ,
New Rules ,
Physicians ,
Public Private Partnerships (P3s) ,
Revenue Procedures ,
Safe Harbors ,
Service Contracts ,
Tax-Exempt Bonds
he Tax Cuts and Jobs Act was signed into law on December 22, 2017. This tax reform law includes the following changes directly affecting nonprofit and tax-exempt organizations, and those who donate to them.
A number of...more
On December 9, 2016, the Department of the Treasury and Internal Revenue Service (IRS) published final regulations on the definition of “issue price,” for purposes of the arbitrage rules that apply to tax-exempt bonds....more
On August 22, 2016, the Internal Revenue Service (IRS) released Rev. Proc. 2016-44, which provides new guidance on the treatment of “management contracts” for purposes of the restrictions on use of property financed with...more
On October 27, 2015 the U.S. Treasury Department and Internal Revenue Service published final regulations concerning the treatment of “mixed-use” projects financed with tax-exempt bonds. These new regulations have particular...more
On October 27, 2015 the U.S. Treasury Department and Internal Revenue Service published final regulations concerning the treatment of “mixed-use” projects financed with tax-exempt bonds. These new regulations have significant...more
10/28/2015
/ 501(c)(3) ,
Borrowers ,
Carve Out Provisions ,
Final Rules ,
Government Bonds ,
Internal Revenue Code (IRC) ,
IRS ,
Mixed-Use Zoning ,
Public Private Partnerships (P3s) ,
Recordkeeping Requirements ,
Remedial Actions ,
Safe Harbors ,
State and Local Government ,
Tax Exempt Entities ,
Tax Planning ,
Tax-Exempt Bonds ,
U.S. Treasury
On October 24, 2014, the IRS released Notice 2014-67, which establishes more favorable safe harbors for types of service contracts and other arrangements using property financed with tax-exempt bonds. The Notice also provides...more