Build America Bonds
The America Recovery and Reinvestment Act of 2009 (“ARRA”) enacted February 17, 2009, among other things, authorized the issuance of Build America Bonds (“BABs”). Two categories of BABS were authorized: Tax Credit BABs (“TCBABs”) and Direct Payment BABs (“DP-BABs”). The holder of a TC-BAB is entitled to a credit against the holder’s federal income tax liability. The issuer of a DP-BAB is entitled to a tax credit refund from the federal government. In the year since the enactment of ARRA, most if not all of the BABs which have been issued have been DP-BABs.
Also of Interest
- Final TEFRA Hearing & Approval Regulations
This issue of the Hawkins Advisory discusses TEFRA final regulations.
- IRS Proposed Issuance Regulations
This edition of the Hawkins Advisory summarizes these proposed regulations and discusses the effects of a retirement or reissuance of tax-exempt bonds.
- Qualified Opportunity Funds - Initial Proposed Regulations
Hawkins Advisory on recently released proposed regulations: Preliminary Guidance to Opportunity Zone Investors.
- Jay Eustis Elected to American College of Bond Attorneys
Jay Eustis has been elected a Fellow of the American College of Bond Attorneys (ACBC).