Bonds

Are Private Activity Bonds Tax Exempt?

This memorandum provides a summary of tax-exempt Private Activity Bond (formerly known as Industrial Development Bond) financing available under the Internal Revenue Code of 1986, as amended (the “I.R.C.”), including financing for manufacturing facilities, Section 501(c)(3) non-profit organizations, certain “exempt facilities,” and Enterprise Zones. This letter also discusses “Taxable Bond” funding and other incentives for

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