Archives: Qualified School Construction Bonds

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Random Musings on Reasonable Expectations and on the Big Ten Conference

We’ve previously reported that the Internal Revenue Service (IRS) has issued eight private letter rulings under Internal Revenue Code (Code) Section 54A(d)(2)(B)(iii) that grant an extension of the three-year expenditure period that applies to an issue of qualified tax credit bonds (QTCBs).  An issuer of QTCBs must reasonably expect on the issuance date of the … Continue Reading

The New Phonebooks are Here!

New private letter rulings are here! The IRS released two new private letter rulings. Neither of them is earth-shattering. In the first, PLR 201445002, the IRS ruled that an authority created by a tribal government is a political subdivision so that it can issue tax-advantaged bonds. In the second, PLR 201445007, the IRS granted a school district … Continue Reading
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