Special volume cap for housing bonds provided by the Housing and Economic Recovery Act of 2008 expires on December 31, 2010.
This Hawkins Advisory serves as a reminder that, under current law, HERA Cap is set to expire on December 31, 2010. To date, there is no legislation being considered to extend this deadline. Without such legislation, bonds utilizing this HERA Cap must be issued (paid for and delivered or Treasury NIBP taxable bonds reissued as tax exempt) by the end of this year. Absent a successful housing industry undertaking to extend this deadline, there remains only approximately 6 months for the HERA Cap to be used.
Also of Interest
- Tax-Exempt Bond Provisions in the Conference Committee Version of H. R. 1
This issue of the Hawkins Advisory describes provisions affecting tax-exempt bonds and tax credit bonds that are included in the version of the Tax Cuts and Jobs Act approved on December 15, 2017 by a conference committee.
- Tax-Advantaged Bond Provisions In Senate Tax Bill
This edition of the Hawkins Advisory describes provisions affecting tax-exempt bonds and tax credit bonds that are included in the version of the Tax Cuts and Jobs Act passed by the U.S. Senate on December 2, 2017.
- Tax Advantaged Bond Provisions In House And Senate Tax Bills
This issue of the Hawkins Advisory describes the recent Tax reform proposal.
- New IRS Audit Procedures
Hawkins Advisory describes the changes made by the IRS Tax Exempt and Governmental Entities division to the new procedures for conducting audits of tax-exempt and tax advantaged bonds.