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The Internal Revenue Service had raised concerns about certificates of participation sold in 2003 to finance student housing at Western Carolina University, but ultimately closed the audit with no change to the COPs tax exemption.
By Naomi JagodaMay 21 -
Three Minnesota cities disclosed this month that they can redeem Build America Bonds because their federal subsidy payments have been reduced due to sequestration.
By Naomi JagodaMay 18 -
Allyson Belsome is returning next week to her position as senior manager for field operations in the Internal Revenue Service's tax exempt bond office, according to the IRS.
By Naomi JagodaMay 15 -
The National Council of State Housing Agencies is urging the Treasury Department and the Internal Revenue Service to include several items on its 2015-2016 priority guidance plan that would help state agencies effectively administer housing bond programs.
By Naomi JagodaMay 15 -
The internal Revenue Services tax exempt bond office will hold a webinar on qualified school construction bonds next month.
By Naomi JagodaMay 14 - Florida
The Internal Revenue Service has closed audits with no changes to $1.38 billion of Build America Bonds issued by the New Jersey Turnpike Authority in 2009 and bonds from a $26.56 million mortgage revenue and refunding issue sold by Lakeland, Fla. in 2008.
By Naomi JagodaMay 13 -
An issuers fare revenues for bus service along privately operated highway lanes would not cause bonds to be used to finance the lanes to be private-activity bonds, the Internal Revenue Service ruled.
By Naomi JagodaMay 12 -
The tax-exempt financing committee of the American Bar Association's taxation section is working on a paper that will identify for tax regulators modifications to tax rules that could facilitate public-private partnerships.
By Naomi JagodaMay 11 -
The Internal Revenue Service is auditing general obligation refunding bonds issued in 2006 by the Clark County School District in Nevada.
By Naomi JagodaMay 8 -
The authors of a new paper from The Hamilton Project at Brookings propose four short-term and three long-term ways to address the need for infrastructure investment in the United States, including a revival of the Build America Bond program.
By Naomi JagodaMay 7