Archives: Private Payment

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The Latest Attack on Stadium Financing – Keeping the Debate Honest

On June 13, 2017, U.S. Senators Cory Booker (D-NJ) and James Lankford (R-OK) introduced the latest bill (S. 1342) (“Senate Bill”) intended to end tax-exempt financing of professional sports stadiums.  The Senate Bill mirrors the bill (H.R. 811) introduced by Rep. Steve Russell (R-OK) on February 1, 2017, reported in this blog by Johnny Hutchinson … Continue Reading

Tax-Exempt Stadium Financing? – There They Go Again

Rep. Steve Russell, R-Okla., recently introduced a bill (H.R. 4838) in the House to prohibit tax-exempt financing of professional sports stadiums and for-profit entertainment facilities.  This is only the most recent in a string of similar proposals, including by President Obama and former Senator Tom Coburn.  In this case, tax-exempt financing would be prohibited for … Continue Reading

Measure for Measure: A Problem Play in Applying the Private Business Use Measurement Period

While sitting through several sessions at the Bond Attorneys Workshop last week, I heard references to “measurement period” in different contexts. Although trying to stay focused on the always scintillating discussion, my mind wandered to the good and the bad of that concept.  This post explores certain consequences of measurement period, including some surprising results.… Continue Reading

IRS Rules Bus Fares for Privately Used Roads Not Private Payments: Little connection…..little problem

The IRS recently issued PLR 201519015 which concluded that payments made by private persons that have “little connection” to the bond-financed property are not “private payments” that count against the private payment limit.  The IRS concluded that there was little connection between fares paid by bus riders and a bond-financed highway where the fares were … Continue Reading
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