Senators Ask IRS to Clarify Veterans Housing is Eligible for PABs
Six U.S. Senators have formally asked the Internal Revenue Service (IRS) to clarify that housing developments for veterans still qualify for private activity bonds (PABs). Sens. Diane Feinstein, D-Calif., John Cornyn, R-Texas, Catherine Cortez Masto, D-Nev., Jacky Rosen, D-Nev., Kamala Harris, D-Calif., and Mazie Hirono, D-Hawaii, asked IRS Commissioner Charles Rettig for the clarification after being told that a recent informal IRS decision prevents the use of PABs for developments that serve veterans.