The Department of the Treasury's IRS released new Proposed Regulations regarding Bond Reissuance. The Proposed Regulations address the subject of “reissuance” in connection with issues of tax-exempt obligations. The Proposed Regulations...

This IRS Publication 4078, Tax-Exempt Private Activity Bonds, provides a revised overview of the general federal tax law rules that apply to qualified private activity bonds.

This publication is a basic guide to the yield restriction and rebate requirements from the IRS. Understanding the arbitrage requirements can help issuers and conduit borrowers comply with their obligations and prevent violations of the arbitrage...

This audio cast from the IRS covers the importance of implementing post-issuance compliance procedures and regularly monitoring those procedures to preserve the status of tax-advantaged bonds over the entire life of the bonds. Tax-advantaged bonds,...

The IRS provides an explanation of how foundations can make mission-related investments without paying an additional excise tax.

This publication from the IRS describes rules that apply to a particular type of qualified private activity bonds: qualified 501(c)(3) bonds. This Publication also addresses practices and steps an issuer or 501(c)(3) organization can take to protect...

In this CDFA // BNY Mellon Development Finance Webcast, representatives from Katten Muchin Rosenman LLP and BLX Group covered hot topics in regulations and enforcement.

The IRS released “Avoiding Troubled Tax-Advantaged Bonds” from the TEB Compliance Practice Research Team which identifies a number of considerations for issuers of municipal bonds and outlines steps toward producing public resource products to...

Chris Woodin of the Internal Revenue Service (IRS) provides insight into regulatory and enforcement issues, due diligence, reporting, and ongoing monitoring of muni securities.

Richard Chirls and Michael Larson with Orrick provide helpful information about the IRS tax-exempt bond audit process

This guidance from the Internal Revenue Service provides detailed information on the use of Qualified Energy Conservation Bonds, specifically with regards to measuring energy reduction and defining green programs.

Internal Revenue Service Publication 5005 provides an overview for state and local governments of the responsibilities of conduit issuers with respect to tax compliance in municipal financing arrangements commonly known as conduit financings.

The IRS Office of Tax Exempt Bonds provided this presentation on arbitrage yield restrictions and rebate compliance. Topics include an arbitrage overview, filing requirements, and the rebate claims process.

This response by the Internal Revenue Service to a request for private letter ruling provides the IRS interpretation related to payments to acquire wind generation businesses and facility-specific power purchase agreements' statuses as separate...

This guidance from the IRS covers the voluntary closing agreement program as it relates to issuers of Qualified Student Loan Bonds.

This Advisory from Hawkins Delafield & Wood LLP covers the revised IRS Form 8038-CP and emphasizes changes to the form's instructions, particularly the filing of forms for various types of bonds.

This notice from the Internal Revenue Service provides guidance on refunding issues of bonds that met requirements for GO Zone Bonds, Midwestern Disaster Area Bonds, and Hurricane Ike Disaster Area Bonds.

This Client Alert from Hunton & Williams addresses the new IRS warning that issuers and beneficiaries of tax-exempt bonds must develop and implement a compliance program, or face serious financial consequences.

The Law Office of W. Mark Scott prepared this explanation of the IRS whistleblower statute, as it related to the Office of Tax Exempt Bonds. Topics include a review of the statute, claim processing, and award eligibility.

This alert from Pugh, Jones & Johnson, P.C. addresses IRS final regulations on solid waste disposal facilities. Major provisions are highlighted, and an overview of solid waste facilities eligible for exempt facility bonds is provided.

This advisory from Hawkins Delafield & Wood LLP discusses IRS Notice 2011-63, which provided guidance on how to determine when bonds are considered "issued" for purposes of volume cap limitations.

This advisory from Hawkins, Delafield & Wood LLP discusses whether a material event notice is required to be sent in connection with the S&P downgrade of pre-refunded bonds.

The IRS Advisory Committee on Tax Exempt and Government Entities released this report during their tenth annual public meeting on June 15. The report describes in detail the responsibilities of conduit issuers under current federal income tax...

This Advisory from Hawkins, Delafield & Wood LLP addresses the revised version of IRS Form 8038, which covers tax exempt private activity bond issues. The Advisory provides guidance on seven major changes to the form.

The IRS has released guidance limiting draw-down bonds for BABs, but does permit the use of draw-down structures for “bank qualified bonds”. This will have a significant impact on the bond market in the next 30 days with BABs set to expire at the...

The amount used under to calculate the state ceiling for the volume cap for private activity bonds in 2011, as announced in this IRS Revenue Procedure release, is the greater of $95 multiplied by the state population or $277.820 million. In 2010,...

This article summarizes Treasury Department guidance related to the 1603 grant program.

The Treasury Department has released interim guidance instructing municipal issuers how to issue qualified school construction bonds, qualified zone academy bonds, qualified energy conservation bonds, and new clean renewable energy bonds in the new...

This compliance guide published by the Internal Revenue Service covers the federal tax rules and filing requirements applicable to governmental bonds

This Nixon Peabody publication addresses the Recovery Zone Bond allocations and guidance issued by the IRS.

This IRS document gives the individual allocations of the $25 billion in ARRA authorized Recovery Zone Bonds for each state broken down by large municipality and county.

The IRS issued this guidance on June 5, 2009 regarding new procedures to claim an investment tax credit in lieu of a production tax credit for specified renewable energy facilities. This change to the tax treatment of renewable energy facilities was...

Nixon Peabody has published this release concerning IRS guidance dealing with ARRA changes in the tax treatment of renewable energy facilities. ARRA now allows for a 30 percent investment tax credit on certain renewable energy facilities in lieu of...

This IRS release details the application process and requirements for new clean renewable energy bond (CREBs) volume cap. The American Recovery and Reinvestment Act authorized $2.4 billion in new CREBs allocation.

The following document is Internal Revenue Service guidance concerning issuance of the stimulus-authorized Build America Bonds (BABs). BABs are taxable tax credit bonds that allow the issuer to take a direct federal subsidy in lieu of the investor...