Recommended Additional Revisions to Revenue Procedure 97-13 and Related Regulations

Recommendations for additional revisions to the management and other service contract safe harbors against private business use in Revenue Procedure (Rev. Proc.) 97-13 and related federal income tax regulations. NABL generally applauds the amplification to Rev. Proc. 97-13 made by Notice 2014-67 for contracts having a term up to five years. NABL respectfully requests that…