Code (Internal Revenue)
The Internal Revenue Code of 1986, as amended and in effect on the date of issuance of the bonds.
bond-basics
Tax Cuts and Jobs Act (TCJA) of 2017
Congress passed the Tax Cuts and Jobs Act (TCJA) in 2017. The large tax bill passed under reconciliation rules made major changes to the Internal Revenue Code (IRC), including the elimination of tax-exempt Advance Refunding Bonds.
See Also
Advance Refunding
A type of refunding transaction in which the refunding bonds are issued more than 90 days before the redemption or final maturity, whichever is earlier, of the refunded bonds.
Related
Gearing Up for a Potential Tax Bill in 2025
Key provisions of the Tax Cuts and Jobs Act (TCJA) begin to expire at the end of next year, teeing up the likelihood of a major tax package in the…
Opportunity Zones & Economic Development Project Financing
Panel intended to help public finance attorneys understand the basics of Qualified Opportunity Zones and how to discuss them with municipal and private sector clients who may also be including…
Letter on IRS PLR Fees (2019)
Request that the Internal Revenue Service (“IRS”) significantly lower the user fee it charges State and local governments for private letter rulings related to tax-advantaged bonds (the “User Fee”) and…
Requests for 2019-2020 IRS Priority Guidance Plan
Requested items for inclusion on the Internal Revenue Service’s (IRS) 2019-2020 Priority Guidance Plan.
Request for IRS Guidance on Refunding of Taxable Bonds
Request that the Office of Indian Tribal Governments/Tax Exempt Bonds (“ITG/TEB”) provide written guidance regarding the treatment of tax-exempt bonds issued to advance refund taxable bonds that are not tax-advantaged…
Ban on Tax-Exempt Advance Refundings: Now What
The Tax Cuts and Jobs Act (TCJA) passed by Congress and signed into law on December 22, 2017 prohibits the issuance of tax-exempt advance refunding bonds after December 31, 2017.…
Start with the Bond Basics
Hundreds of Terms and Concepts
Due Diligence
A term referring to the inquiries and review conducted by either the underwriter and underwriter’s counsel or bond counsel or special tax counsel in connection with the issuance of bonds.