Information for the Tax Exempt Bond Community
Mailing Address for Notices of Defeasance and Certain Elections Required by Treasury Regulations
Mailing address for notices of defeasance under Treasury Regulations 1.141-12(d)(3), Treasury Regulations1.142-2(c)(2), and Notices of Election under Treasury Regulations 1.142(f)(4)-1.
FY2016 Update: Effect of Sequestration on State & Local Government Filers of Form 8038-CP
Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, certain automatic reductions will take place as of October 1, 2015. These required reductions include a reduction to the refundable credit under section 6431 of the Internal Revenue Code applicable to certain qualified bonds.
Published Volume Cap Limits and Available Amounts of Volume Caps for New Clean Renewable Energy Bonds
IRS announces the Published Volume Cap Limits and the available volume caps for the period beginning November 1, 2015, for applications for allocations of the national volume cap to issuers of New Clean Renewable Energy Bonds.
Published Volume Cap Limit for Tribal Economic Development Bonds
IRS announces the Published Volume Cap Limit for applications for allocations of national bond volume limitation authority to issuers of tribal economic development bonds for the period beginning October 1, 2015
TEB Legislation Update: Tax Increase Prevention Act of 2014
The Tax Increase Prevention Act of 2014, Div. A of Pub. L. No. 113-295 enacted on December 19, 2014, includes extenders for the exclusion of military housing in determining what is a "qualified building” under Internal Revenue Code section 142(d)(2)(B)(ii) and the national zone academy (QZAB) bond limitation through 2014, and also clarifies the definition of specified tax credit bonds with respect to QZABs.
Provide Accurate Routing and Account Numbers on Form 8038-CP to Avoid Delayed Payments
Inaccurate direct deposit information on Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds may cause a delay in the payment of a request for a credit payment.
Notice 2015-12 (New Clean Renewable Energy Bonds Volume Cap Application)
This Notice (updated to clarify the definition of qualified facility under section 45(d) of the Internal Revenue Code) solicits applications for allocations of the remaining available amount of the national limitation (volume cap) for new clean renewable energy bonds (New CREBs). The available amounts include certain amounts previously allocated and subsequently forfeited. This Notice also provides related guidance on the following: (1) application requirements and forms for requests for volume cap allocations; and (2) the method that will be used to allocate the volume cap. The IRS will update the Volume Cap Limit and the available amounts by publishing these updates on the IRS website approximately every sixty days until the applicable volume cap is fully allocated.
Notice 2015-11 (Qualified Zone Academy Bond Allocations for 2014)
This notice sets forth the maximum face amount of Qualified Zone Academy Bonds (QZABs) that may be issued for each State for the calendar year 2014 under § 54E(c)(2) of the Internal Revenue Code. Under § 54A(e)(3), the term State includes the District of Columbia and any possession of the United States.
Announcement 2015-02 (Simplified VCAP Process for Issuers of Qualified 501(c)(3) Bonds)
This Announcement provides a simplified VCAP process for issuers of qualified 501(c)(3) bonds, as defined in the Announcement, to request a closing agreement in situations in which the borrower of the proceeds of the bonds received Prospective Reinstatement, as defined in the Announcement, after its tax-exempt status was automatically revoked under section 6033(j)(1) of the Internal Revenue Code (the “Code”).
Chief Counsel Advice (PMTA 2014-04) – Claims For Refundable Credit Under IRC 6431
This CCA (a program manager technical advice) responds to a request from Tax Exempt Bonds to define the period within which issuers of qualified bonds issued under Internal Revenue Code section 54AA(g) may request a payment of the refundable credit determined under section 6431(a).
New Voluntary Closing Agreement Program Request Form
The Internal Revenue Service released the new Form 14429, Tax Exempt Bonds Voluntary Closing Agreement Program Request, which must be submitted with a Tax Exempt Bonds Voluntary Closing Agreement Program submission request.
IRS Report on Avoiding Troubled Tax-Advantaged Bonds
This report produced by the TEB Compliance Practice Research Team seeks to provide aid to issuers of tax-advantaged municipal bonds. It identifies some considerations for issuers of such bonds and is TEB’s initial step toward producing public resource products that assist issuers in avoiding troubled transactions.
Sale of Assets Financed with Tax-Exempt Bonds by State and Local Governments and 501(c)(3) Organizations
Often, in their need to raise funds, state and local governments and 501(c)(3) organizations may sell property financed with tax-exempt bonds. These sales could cause the bond issue to become taxable. This article provides basic information concerning remedial actions needed, if necessary, to preserve the tax-exempt status of the bond issue.
ARRA and HIRE Act Bond Guidance
Guidance on bond provisions of the ARRA and HIRE Act.
TEB Post-Issuance Compliance
Provides basic post-issuance information for issuers of tax-advantaged bonds.
TEB Voluntary Compliance
Provides information about post-issuance and voluntary compliance.
TEB Financial Restructuring Compliance
Provides information for issuers or conduit borrowers with defaulted or distressed obligations.
TEB Published Guidance
Information and guidance for the Tax Exempt Bond Community.
Past articles and information on Tax Exempt Bonds topics.
Frequently Asked Questions about Tax Exempt Bond topics.
If you need to contact Tax Exempt Bonds this page will provide you with contact information.