Senators Ask IRS to Clarify Veterans Housing is Eligible for PABs

Tuesday, March 19, 2019 - 10:00am

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.