ITG FAQ #9 Answer - What are the employment requirements of Section 7871(c)(3)(D) applicable to qualified manufacturing facilities?

Generally, at the close of each calendar year (beginning 2 years after the date of issuance), the aggregate face amount of all outstanding tax-exempt bonds issued to finance the facility cannot be more than 20 times greater than the aggregate wages paid during the preceding calendar year to enrolled members (or their spouses) of the tribe issuing the bonds for services rendered at that facility.

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