Tax Credit and Direct Pay Bonds
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…
Final Regs for 8038-CP e-Filing
The Internal Revenue Service (IRS) finalized rules for electronic filing of Form 8038-CP last week.
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.
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…
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.
Bonds issued by an Issuer in a conduit financing.
Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.
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…
Create a Direct Pay Bond Program
Equip our Communities with a New Financing Tool
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…