• Comments

Suppl. Comments on IRS Notices 2022-49 and 2022-50

Follow up comments to a November 4, 2022 letter sent by NABL suggesting various areas of need for guidance relating to certain tax provisions enacted under the Inflation Reduction Act…

Stack of printed IRS Forms 8038-CP
Stack of printed IRS Forms 8038-CP
  • News

Final Regs for 8038-CP e-Filing

The Internal Revenue Service (IRS) finalized rules for electronic filing of Form 8038-CP last week.

Taxable Bond

A bond, the interest on which is not excludable from gross income for federal income tax purposes.

Tax Credit Bond

A taxable bond that provides a tax credit to the holder in lieu of tax-exempt interest.

Revenue Fund

A fund into which pledged revenues may be required to be deposited as received and from which disbursements are made to pay allowable operations and maintenance expenses and to meet…

Financing Agreement

A basic agreement used in project financings for a conduit borrower.

Direct Pay Bond

A taxable bond that offers a federal Interest subsidy to the Issuer in lieu of the interest being excludable from federal income tax.

Conduit Bonds

Bonds issued by an Issuer in a conduit financing.

Conduit Financing

Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.

  • Comments

Issuer Letter on PAYGO Sequestration

On December 15, 2022, issuer representative groups of the Public Finance Network (PFN) sent a letter urging Congress to address pending Pay As You Go (“PAYGO”) scorecards before the end…

Hudson Yards Rail Yards
  • Issue Briefs

Create a Direct Pay Bond Program

Equip our Communities with a New Financing Tool

  • Comments

Response to IRS Requests on IRA Implementation

Comments submitted in response to a solicitation from the Internal Revenue Service (Notices 2022-49 and 2022-50) for requests for guidance relating to certain tax law changes enacted by the Inflation…