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The Public Finance Tax Blog Blog

Articles: 1-10 of 206

Senate Carbon Capture Bill Gains a House Companion

USA - August 13 2019 Earlier this month, we described Senate Bill 1763, which would authorize a new type of exempt facility bond to be issued for "qualified carbon capture…

SLGs Window to Reopen! And Another Change.

USA - August 4 2019 Treasury has announced that, after what seemed like a forever long hiatus, effective August 5, 2019, at 12:00 noon eastern, it will reopen the SLGs…

A Lesson Plan in Linguistics and Statistics for Well-Endowed Private Universities

USA - July 25 2019 Contrary to its name, The Tax Cuts and Jobs Act resulted in a tax increase for certain entities. For example, certain well-endowed private…

Carbon Capture Legislation - Potential for a New Type of Exempt Facility Bond

USA - July 10 2019 On June 10, 2019, Senators Michael Bennet (D-CO) and Rob Portman (R-OH) introduced Senate Bill 1763 (the “Carbon Capture Bill”), which, if passed…

IRS Notice 2019-39: Corrected!

USA - June 3 2019 On May 22, 2019, the IRS issued IRS Notice 2019-39 (the “Original Notice”), which sought to bring efficiency and uniformity to guidance on the current…

IRS Notice 2019-39: Perpetuating the Gift of Targeted Bond Programs, but Creating Confusion about the Tax-Exempt Current Refunding of Build America Bonds

USA - May 23 2019 To promote the provision of disaster relief and the development (or redevelopment) of economically distressed areas, Congress will at times enact…

IRS Releases Helpful Private Letter Ruling for Calculating the Weighted Average Economic Life of Bond-Financed Property (but Mind the Footnote)

USA - May 11 2019 On May 3, 2019, the Internal Revenue Service released Private Letter Ruling 201918008. The IRS concluded in that PLR that an issuer of exempt…

IRS Releases Even More Guidance to Facilitate Opportunity Zone Program

USA - May 7 2019 The Opportunity Zone program was created by the 2017 Tax Cuts and JOBS Act (which we have previously written about here, here and here), to allow…

IRS Allows Multifamily Housing Bonds to Finance Projects with Group Preferences

USA - May 2 2019 On April 3, 2019, the IRS published Rev. Proc. 2019-17, which provides that multifamily housing projects (or, for those of you who prefer Grey Poupon…

IRS Rewrites the Internal Revenue Manual Section on Closing Agreements for Tax-Advantaged Bonds

USA - March 4 2019 You have been waiting all weekend to hear the news, so we will get straight to the point. It took three years, but the IRS finally corrected the…