Final “Issue Price” Regulations for Tax-Exempt Bonds

The Treasury Department published new final “issue price” regulations that will become effective for bonds sold on or after June 7, 2017. The method whereby issue price is determined is significant because issue price is used to compute the yield on an issue of...

Missouri Tax Increment Financing Annual Reports

Missouri municipalities that have created tax increment financing districts pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the “TIF Act”) are required to submit...

IRS Updates Safe Harbors for Management Contracts

On August 22, 2016, the IRS released Revenue Procedure 2016-44 (the “Revenue Procedure”), which liberalized in some respects the IRS’s approach towards so-called “management contracts” as they relate to projects financed with proceeds of tax-exempt obligations...