Final Issue Price Regulations
The issue price rules included in the Treasury Regulations published June 18, 1993 pertaining to the arbitrage investment restrictions and related provisions for tax-exempt bonds (the "1993 Regulations"), have come under serious reconsideration by the Treasury Department and the Internal Revenue Service in recent years as information regarding pricing history has become more readily available. Proposed issue price regulations were published on September 16, 2013. These regulations were subsequently withdrawn; re-proposed issue price regulations were published on June 24, 2015. As a result of the comments received, the issue price regulations proposed in 2015 were revised and published in the Federal Register on December 9, 2016 (the “Final Regulations”). The Final Regulations apply to bonds that are sold on or after June 7, 2017.
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.