- Comments
Suggested Clarifications and Changes to IRS Rev. Proc. 97-13
Suggested clarifications and changes to the management contract safe harbors against private business use in Revenue Procedure 97-13. Revenue Procedure 97-13 provides both the general framework to evaluate whether a management contract gives rise to privatebusiness use for the purposes of the tax-exempt bond rules and several safe harbors. Increasingly, the safe harbors contained in…