The IRS released the new Publication 5005, Your Responsibilities as a Conduit Issuer of Tax-Exempt Bonds. This publication provides an overview for state and local governments of the responsibilities of the conduit issuer with respect to tax compliance in municipal financing arrangements commonly known as conduit financings.

This publication is based on the recommendations of the TE/GE Advisory Committee, also known as the ACT.

For more information about the above item or if you have other tax-exempt bonds questions, go to Tax Exempt Bond Community on IRS.gov.