Suppl. Comments to IRS Proposal on Allocation and Accounting of PAB Proceeds

Supplemental comments submitted to the Internal Revenue Service (IRS) and U.S. Treasury Department’s Office of Tax Policy (OTP) in response to a request in the Internal Revenue Bulletin on October 30, 2006 (REG-140379-02; REG-142599-02), relating to allocation of and accounting for tax-exempt bond proceeds for purposes of the private activity bond restrictions (Proposed Regulations).