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Notice 2009-15 (Credit Rates on Certain Qualified Tax Credit Bonds under IRC Section 54A)
This Notice provides guidance regarding how the Treasury Department and the Internal Revenue Service (IRS) will determine and announce credit rates on certain tax credit bonds described in this Notice.
Notice 2008-109 (Midwestern and Hurricane Ike Disaster Areas and Population Estimates)
This Notice informs specific States of counties and parishes eligible for relief in the Midwestern and Hurricane Ike disaster areas. In addition, the Notice provides instructions for reporting the issuance of Midwestern Disaster, Midwestern Tax Credit, and Hurricane Ike Bonds.
Notice 2008-88 (Expanded Temporary Rule Allowing Governmental Issuers to Purchase Their Own Tax-Exempt Bonds)
This Notice amends and supplements Notice 2008-41, 2008-15 I.R.B. 724 (April 14, 2008), regarding reissuance standards for tax-exempt bonds.
Notice 2008-81 (Tax-Exempt Money Market Funds - Temporary Treasury Program to Support Money Market Funds)
This notice relates to a temporary Treasury Department program that makes available certain funds from its Exchange Stabilization Fund on a temporary basis. The Program will not result in any violation of the restrictions against federal guarantees of tax-exempt bonds under section 149(b).
Notice 2008-79 (Tax-Exempt Housing Bonds and 2008 Housing Legislation)
This notice provides guidance relating to amendments made by certain provisions of the Housing Assistance Tax Act of 2008, Division C of Pub. L. No. 110-289, enacted on July 30, 2008 (the “2008 Housing Act”).
Notice 2008-70 (Qualified Forestry Conservation Bonds)
This Notice solicits applications for authority to issue qualified forestry conservation bonds (QFCBs) under section 54B(c) of the Internal Revenue Code (the "Code"). There is a national limitation of $500,000,000 on the volume of QFCBs that may be authorized.
Notice 2008-41 (Reissuance Standards for State and Local Bonds)
This Notice clarifies, amends, supplements, and supersedes Notice 2008-27, 2008-10 I.R.B. 543 (March 10, 2008), regarding reissuance standards for tax-exempt bonds.
Notice 2008-31 (Voluntary Closing Agreement Program For Tax-Exempt Bonds and Tax Credit Bonds)
This Notice provides information about the voluntary closing agreement program for tax-exempt bonds and tax credit bonds("TEB VCAP"). The Notice modifies and supercedes Notice 2001-60, 2001-2 C.B. 304.
Notice 2008-27 (Reissuance Standards for State and Local Bonds)
The IRS and Treasury Dept. expect to issue regulations under section 150 of the Code of 1986 to modify and clarify the determination of when tax-exempt bonds are treated as reissued or retired solely for purposes of section 103 and sections 141 through 150. This Notice provides interim guidance.
Notice 2008-13 (Guidance Under the Preparer Penalty Provisions of the Small Business and Work Opportunity Act of 2007)
In 2008, the Treasury Dept. and IRS intend to revise the regulatory scheme governing tax return preparer penalties. This notice provides interim guidance on the application of the tax return preparer penalties as amended by the Small Business and Work Opportunity Act of 2007, Pub. L. No. 110-28.
Notice 2007-56 (Change of Address for Submission of CREBs Applications)
This notice changes the address for submission by mail of applications for allocations of the national clean renewable energy bond ("CREB") volume limitation allocations under section 54 of the IRC and Notice 2007-26.
Notice 2007-26 (Clean Renewable Energy Bonds)
This notice solicits applications for allocations of the national bond volume limitation authority ("volume cap"), to issue tax credit bonds called "clean renewable energy bonds" ("CREBS") under section 54(f) of the Code to finance clean renewable energy products under section 45. Application for Notice 2007-26 (Clean Renewable Energy Bonds) - Rich Text Format.
Notice 2007-23, 2007-11 I.R.B. 690, Volume Cap Census Numbers for 2007
This notice informs states & other issuers of tax-exempt private activity bonds under section 141, of the proper population figures for calculating the 2007 population based component of the Credit Ceiling (sec. 42(h)(3)(C)(ii)), 2007 Volume Cap (sec. 146), and 2007 Volume Limit (sec. 142(k)(5)).
Notice 2006-93 (Information Reporting Requirements for Payments of Interest on Tax Exempt Bonds)
This notice provides guidance on the new information reporting requirements in section 6049 of the Internal Revenue Code for payments of interest on State or local bonds that are excludable from gross income under section 103 of the Code (tax-exempt interest including exempt-interest dividends).
Notice 2006-65 (Excise Taxes With Respect To Prohibited Tax Shelter Transactions to Which Tax-Exempt Entities are Parties)
The Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) includes new excise taxes and disclosure rules that target certain potentially abusive tax shelter transactions to which a tax-exempt entity is a party. The amendments have broad application to tax-exempt entities and their managers.
Notice 2006-63 (Record Retention Requirements for Tax Exempt Bonds)
This notice requests comments for developing record retention standards, including recordkeeping limitation programs, for tax-exempt bond issues. The IRS is seeking comments on managing any burdens potentially associated with the record retention requirements that apply to issuers & other parties.
Notice 2006-45, I.R.B. 2006-20 (0515/2006) (Exempt Facility Bonds for Qualified Highway or Surface Freight Transfer Facilities)
This notice provides guidance to the issuers of State and local bonds on qualified highway or surface freight transfer facilities under sections 142(a)(15) and 142(m) of the Internal Revenue Code. This Notice also provides guidance to issuers regarding the information reporting requirements.
Notice 2006-41 (Gulf Opportunity Zone Bonds, Gulf Opportunity Zone Advance Refunding Bonds and Gulf Tax Credit Bonds)
This notice provides guidance with respect to the information reporting requirements applicable to Gulf Opportunity Zone Bonds, Gulf Opportunity Zone Advance Refunding Bonds, & Gulf Tax Credit Bonds issued pursuant to section 1400N of the Internal Revenue Code. The notice also provides additional guidance with respect to the credit rate and arbitrage requirements applicable to the Gulf Tax Credit Bonds.
Notice 2006-21, 2006-12 IRB 643 (GO Zone Resident Population Estimates)
This notice informs the states of Alabama, Louisiana and Mississippi of their state population portion in the GO Zone to determine the Gulf Opportunity housing amount (under 1400N(c)(1)(B) and maximum aggregate face amount of qualified Gulf Opportunity Zone Bonds (under sec. 1400N(a)(3) of the Code.
Notice 2006-7 (Additional Guidance re: Clean Renewable Energy Bonds-CREBS)
This Notice provides additional guidance with respect to facilities that may be financed with the proceeds of CREBs under Code Section 54(a) In addition, guidance is provided with regard to the entities that may own facilities financed with these bonds as well as entities that may issue CREBS.
Notice 2005-98 (Clean Renewable Energy Bonds)
This Notice solicits applications for allocations of the clean renewable energy bond limitation under section 54(f) of the IRC. The Notice also provides guidance on the requirements a project must meet in order to be eligible to obtain an allocation of the limitation.
Notice 2005-48 (Brownfields Demonstration Program for Qualified Green Building and Sustainable Design Projects)
This Notice solicits applications for designation of a project as a qualified green building and sustainable design project under IRC 142(l) and provides guidance on the requirements a project must meet in order to be eligible for designation as a qualified project.
Notice 2005-47 Application of Circular 230 to State or Local Bond Opinions
This notice provides (1) interim guidance relating to the definition of State or local bond opinion in section 10.35(b)(9) of Circular 230 and (2) information on changes to the requirements that are under consideration for state or local bond opinions.
Notice 2005-28 ("Green Bonds" Extension)
This notice extends the deadline by which State and local governments may nominate projects for designation by the Secretary as qualified green building and sustainable design projects under section 142(l) of the Internal Revenue Code.
Notice 2004-21, 2004-11 I.R.B. 609 [Volume Cap Census Numbers for 2004]
Populations of the 50 states, District of Columbia, Puerto Rico and the insular areas are provided for purposes of determining the 2004 private activity bond volume cap under section 146, private activity bond volume limit under section 142(k)(5) and state housing credit ceiling under section 42(h).
Notice 2003-42 , 2003-28 I.R.B. 49 (0714/2003) (Deadline for issuing authority to reassign volume cap to another authority) (06/26/2003)
This notice provides guidance to issuing authorities on the deadline for assigning private activity bond volume cap under IRC section 146(e). It clarifies that the deadline for an issuing authority to assign any portion of its volume cap to another issuing authority in the state is the earlier of (1) February 15 of the calendar year following the year in which the state ceiling represented by that volume cap arises, or (2) the date of issue of bonds issued pursuant to the assignment of that portion of the volume cap.
Notice 2003-41, 2003-28 I.R.B.49 (Deadline for allocation of volume cap) (07/14/2003)
This notice provides guidance to state authorities responsible for allocating private activity bond state ceiling under IRC section 146(e). It clarifies that the deadline for allocating any portion of the state ceiling under section 146(e) is the earlier of (1) February 15 of the calendar year following the year in which the state ceiling arises, or (2) the date of issue of bonds issued pursuant to an allocation of that portion of the state ceiling.
Notice 2003-40, 2003-27 I.R.B. 10
This Notice sets forth guidance, in a question & answer format, with regard to IRC section 1400L(d).
Notice 2002-73, 2002-46 I.R.B. 844
This notice clarifies the circumstances in which a state or local bond is treated as issued by the New York City Municipal Water Finance Authority (NYCMWFA) or the Metropolitan Transportation Authority of the State of New York (MTA) for purposes of IRC section 1400L(e)(2)(B).
Notice 2002-56, 2002-32 I.R.B. 319
This document notifies states and other issuers of qualified exempt facility bonds described in section 142(a)(13) of the Code of the proper population figures to be used for calculating the limitation under section 142(k0(5) of the annual aggregate face amount of tax-exempt bonds described in section 142(a)(13).
Notice 2002-52, 2002-30 I.R.B. 187
This notice clarifies proposed regulations (REG-105369-00, 2002-18 I.R.B. 828) under sections 141 and 148 of the Code relating to certain natural gas payments. For purposes of section 1.148-1(e0(2)(ii)(C) of the proposed regulations, the notice provides that a natural gas commodity swap contract will not fail to be an independent contract solely because the swap contract may terminate in the event of a failure of a gas supplier to deliver gas for which the swap contract is a hedge. The notice requests comments on the limitations on commodity swap contracts contained in the proposed regulations.
Notice 2002-42, 2002-27 I.R.B 36
This Notice provides guidance concerning Qualified New York Liberty Bonds and Liberty Advance Refunding Bonds.
Notice 2002-10, 2002-6 I.R.B. 490
This notice clarifies that the use of gross proceeds of qualified 501(c)(3) bonds to acquire investments in a manner that complies with section 148 is not an unrelated trade or business under section 145(a)(2) and does not result in income from debt-financed property within the meaning of section 514. The notice does not affect the determination of whether the use of property financed with expenditures of bonds is an unrelated trade or business for purposes of section 145(a)(2) or results in unrelated business taxable income under section 512.
Notice 2001-60, 2001-40 I.R.B. 304
This notice provides information about a closing agreement program for tax-exempt bonds (TEB VCAP). TEB VCAP provides a mechanism whereby issuers of tax-exempt bonds who come forward on a voluntary basis can resolve violations of the Code by entering into closing agreements with the Service. Comments are requested on TEB VCAP and on how the Service can expand its efforts to encourage voluntary compliance with the Code.
Notice 2001-49, 2001-34 I.R.B. 188
This notice proposes a revenue procedure that sets forth a safe harbor under which an issue of tax or revenue anticipation bonds will not be treated as outstanding longer than is reasonably necessary to accomplish the governmental purposes of the bonds under section 1.148-10(a)(4) of the regulations. The proposed procedure will apply to bonds sold after the date the procedure is published in the Internal Revenue Bulletin in final form. However, issuers may rely on the proposed procedure with respect to any issue of tax or revenue anticipation bonds that is sold before the effective date of the proposed revenue procedure and on or after August 3, 2001.
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