Legislation Affecting Tax-Advantaged Bonds

Notice 2018-15, New Clean Renewable Energy Bonds

Notice 2018-15 provides that the IRS shall not process applications for, or issue allocations of, the remaining unused authority to issue new clean renewable energy bonds. The Tax Cuts and Jobs Act repealed this provision effective for bonds issued after December 31, 2017.

Tax Cuts and Jobs Act (2017)

The Tax Cuts and Jobs Act repealed the authority to issue tax-credit bonds and direct-pay bonds. The repeal applies to new clean renewable energy bonds, qualified energy conservation bonds, qualified zone academy bonds, and qualified school construction bonds issued after December 31, 2017. The authority to issue recovery zone economic development bonds and build America bonds expired on January 1, 2011.

The Tax Cuts and Jobs Act repealed the exclusion from gross income for interest on bonds issued to advance refund another bond. The repeal applies to advance refunding bonds issued after December 31, 2017. A bond is classified as an advance refunding if it is issued more than 90 days before the redemption of the refunded bonds.

Tax Cuts and Jobs Act

Tax Increase Prevention Act of 2014 (P.L. 113-295)


Hiring Incentives to Restore Employment Act of 2010 (HIRE Act)


American Recovery and Reinvestment Act of 2009 (ARRA)


Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA)

  • Notice 2006-65
    Excise taxes with respect to prohibited tax shelter transactions

Gulf Opportunity Zone Act of 2005 (P.L. 109-135)


Katrina Emergency Tax Relief Act (PL 109-73)


The Safe, Accountable, Flexible, Efficient, Transportation Equity Act - A Legacy for Users (P.L. 109-59) (SAFETEA-LU)


Energy Tax Policy Act of 2005 (P.L. 109-58)


Job Creation and Worker Assistance Act of 2002 (P.L. 107-147)


Additional resources