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Reps. Randy Hultgren, R-Ill., and Richard Neal, D- Mass., have introduced legislation that would increase the number of projects that could be financed by qualified small issue manufacturing bonds.
By Naomi JagodaJune 29 -
The Senate Finance Committee's tax reform working groups will not be submitting reports to the committee's leaders by the end of the month, as had been expected.
By Naomi JagodaJune 29 -
Some market participants want the Treasury Department and Internal Revenue Service to clarify their new proposed issue price rules, particularly regarding certifications that underwriters would make under the proposal.
By Naomi JagodaJune 25 -
The Treasury Department and Internal Revenue Service released new proposed rules on the definition of issue price to allow issuers to rely on the initial offering price under certain circumstances and provide a narrower definition of an underwriter.
By Naomi JagodaJune 23 -
A technical advice memorandum concluding that the Village Center Community Development District in Florida was not a political subdivision that could issue tax-exempt bonds will not apply retroactively, the Internal Revenue Service chief counsels office said.
By Naomi JagodaJune 22 -
The National Association of Bond Lawyers has submitted recommendations to the Treasury Department and Internal Revenue Service on ways to ease and clarify the public approval requirement for private-activity bonds.
By Naomi JagodaJune 22 -
Sen. Mark Warner, D-Va., introduced legislation that would create a national infrastructure bank that could provide direct loans and loan guarantees to facilitate infrastructure projects of regional or national significance. The bill would also increase the national volume cap for tax-exempt private-activity bonds for qualified highway or surface freight transfer facilities to $16 billion from $15 billion.
By Naomi JagodaJune 19 -
The Treasury Department and Internal Revenue Service should include projects about accountable care organizations, management contracts, issue price and other topics on their 2015-2016 priority guidance plan,said the tax-exempt financing committee of the American Bar Associations taxation section.
By Naomi JagodaJune 18 -
An advisory panel has made recommendations about how the Internal Revenue Services tax-exempt bond office can increase its efficiency and effectiveness in a time of dwindling resources and increased market complexity.
By Naomi JagodaJune 17 -
A bill introduced in the House on Monday by Rep. Jason Chaffetz, R-Utah, that would authorize states to require out-of-state online retailers to collect their sales taxes is drawing praise from state and local government and retail groups.
By Naomi JagodaJune 16