Current Projects:


Cinderella bond pricing/Safe Harbors

Recommendations regarding pricing safe harbors for Cinderella bonds.  Initial drafts have been distributed to the members of the working group.


Allocation and Accounting Educational Project

An educational piece providing practical guidance to NABL members regarding the allocation and accounting regulations in 1.141-6.  Initial drafts are being prepared by the committee.
             

Liberalizing Guidance:

The proposal of regulations to make the rules for allocating bonds under section 1.148-9(h)(4)(v) of the Treasury Regulations less restrictive and more flexible. Initial drafts are being prepared by the committee.

                          

Liberalizing Guidance

Regulations to eliminate or limit the scope and clarify the application of the step-transaction rule contained in the reimbursement regulations at section 1.150-2(h)(2) of the Treasury Regulations. Initial drafts are being prepared by the committee.

 

Project Needing Volunteers:

 

Comments to the Congressional Research Service regarding its July 13, 2018 report on Private Activity Bonds:  A working group is being established to prepare an Introduction piece requesting clarification to the reports’ content.  Contact Johnny Hutchinson  if you are interested in participating on this project.

 

Comments to the IRS "user fees" for private letter ruling requests, asking for a reduced or eliminated fee for issuers of tax-exempt bonds.   A working group is being established. Contact Johnny Hutchinson  if you are interested in participating on this project.

 

Guidance regarding whether certain groups (veterans, etc.) are representative of the "general public" for purposes of the requirement that multifamily housing facilities financed with tax-exempt private activity bonds must be available to members of the general public, with potential addition of a cross-reference to comparable provisions in the LIHTC rules. A working group is being established. Contact Johnny Hutchinson if you are interested in participating on this project.