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 Hurrcane 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.
Rev Proc 2008-55 (IRS Designates Tribal Entities on Federal Lists as Tribal Governments for Purposes of section 7701(a)(4))
The purpose of this revenue procedure is to designate the Indian tribal entities that appear on current or future lists of federally recognized Indian tribes published annually by the Department of the Interior, Bureau of Indian Affairs, as Indian tribal governments under section 7701(a)(40).
Rev. Proc. 2008-37 (Claims for Recovery of Overpayments of Arbitrage Rebate and Similar Payments)
This Revenue Procedure provides guidance for issuers of tax-exempt bonds regarding the procedures for claims for recovery of overpayments under §1.148-3(i) of amounts paid to the U.S. under §148 relating to the arbitrage rebate requirement, the penalty in lieu of rebate provisions, or the yield reduction provisions.
Rev. Proc. 2008-19 (Median Gross Income Figures to be used by Issuers of Qualified Mortgage Bonds)
This Revenue Procedure provides guidance with respect to the U.S. and area median gross income figures that are to be used by issuers of section 143(a) qualified mortgage bonds and section 25(c) mortgage credit certificates to compute the housing-cost-to-income ratio of section 143(f)(5).
Rev. Proc. 2008-17 (Average Residential Purchase Prices to be used by Issuers of Qualified Mortgage Bonds)
This Revenue Procedure provides issuers of qualified mortgage bonds and issuers of mortgage credit certificates with the nationwide average purchase prices for residences located in the U. S. and the average area purchase price safe harbors for residences located in statistical areas in the states.
IRS Announces Energy Bond Allocations
The IRS announced 312 projects that are eligible to be financed with tax-credit bonds under the Clean Renewable Energy Bonds (CREB) Program.