IRS Proposes Changes to Tax-Exempt Private Activity Bond Rules

Thursday, September 28, 2017 - 10:15am

The Internal Revenue Service (IRS) in today’s Federal Register posted proposed rules to update and streamline the public approval requirement for tax-exempt private activity bonds. The proposed changes would provide state and local governments more flexibility with the public approval process and would reduce administrative burdens associated with the public approval requirement. Public comments on the proposed regulations are due Dec. 27.