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New Proposed Rules on Tax-Advantaged Bonds
Provide your comments to help inform NABL’s response to proposed rule changes from the Treasury Department and IRS by April 20.
On March 11, the Treasury Department and IRS proposed regulations (“Guidance on Tax-Exempt Refunding Bonds”) that would update certain arbitrage rules and definitions applicable to tax-exempt and other tax-advantaged bonds by clarifying the:
- Time and manner for requesting refunds of overpayment of rebate to the U.S. Treasury;
- Special transition rule for transferred proceeds;
- Limitation on allocations to expenditures; and,
- IRS address for filing defeasance notices.
The new proposed rules will be a topic of discussion during the TLC March All-Hands Meeting on Tuesday, March 17 at 1:00pm ET / 10:00am PT.
Share Your Thoughts and Comments
In order for NABL to speak on behalf of our community, we need to hear your thoughts. Take a moment to provide your thoughts pertaining to the proposed rules via the form below or by emailing advocacy@nabl.org. Share your thoughts with NABL by April 20, 2026.