Topic
Tax-Exempt Bonds
101 published works
The Public Finance Tax Blog
The Quicker Picker Upper – Private Business Use Absorbed by Qualified Equity
By Cynthia Mog
Tax lawyers love when tax-exempt bond-financed projects owned by governmental entities[1] (“TEB Projects”) are also financed with qualified equity. Why you ask? Because it makes their job easier. Since you…
The Public Finance Tax Blog
One Big Act: Tax-Exempt Bonds Avoid Annihilation
Artist's rendering of the elimination of tax exemption On July 4, 2025, the president signed into law the so-called “One Big Beautiful Bill Act” (the “OBBBA”). While technically no longer…
The Public Finance Tax Blog
What are the Odds that FanDuelDraftKingsBet365 Can Save Tax-Exempt Bonds?
A document leaked earlier this year and attributed to the House Ways and Means Committee included the repeal of tax-exempt bonds[1] as a source of revenue to help defray the…
The Public Finance Tax Blog
Final Reissuance Regulations Released (Finally)
On December 30, 2024, the IRS and Treasury Department released final regulations regarding the reissuance analysis of tax-exempt bonds which finalize proposed regulations issued in 2018 (with some technical corrections). …
The Public Finance Tax Blog
Your 2024 Election Guide – Separate Issue Election and/or Multipurpose Issue Allocation (an Election of Sorts)?
By Cynthia Mog
While probably not the most consequential election in 2024, a bond issuer might need to decide whether to make a separate issue election under Reg. §1.150-1(c)(3) and/or a multipurpose issue…
The Public Finance Tax Blog
Keep Your Paws Off My Positive Arbitrage – “With Great Power Comes Some Responsibility” (2/3)
Our previous post kicked off our Rebate Series by introducing core concepts and terms. However, for every rule there is an exception. And, as you will learn shortly, for every…
The Public Finance Tax Blog
When Overburdening isn’t a Burden
Cindy Mog recently reacquainted us with abusive arbitrage devices, including the factors that evidence overburdening of the tax-exempt bond market (issuing bonds too early, issuing too many bonds, and issuing…
The Public Finance Tax Blog
Abusive Arbitrage Devices – It’s Time to Get Reacquainted 3/3
By Cynthia Mog
(Episode 3 – What Happens to the Arbitrage Sinners and the Arbitrage Saints?) As you may remember, in Episode 1 we discussed some background regarding the prohibition against abusive arbitrage…
The Public Finance Tax Blog
A “Good” Tax-Advantaged Bond Bill Tells Issuers Whether They Can Refund – A Case Study
This is the second in a series of posts about neutral principles that make for “good” tax-advantaged bond legislation. We pick up our series as the Senate prepares for a…
Ohio Economic Justice & Social Impact Blog
Senate bill for advance refunding kicks off public finance bill introductions in Congress.
Re-instatement of tax-exempt advance refunding bonds is being re-introduced in the new Congress. It has bi-partisan support and has favorable odds of being signed into law this year. The legislation…