TITLE

IRS Adds Green Bonds To Tax-Exempt Guidance List

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Department of the Treasury has added one new tax-exempt bond guidance project to its list of seven municipal bond regulatory projects. The project is expected to be completed by June 30, 2005. The project involves writing regulations for the so-called "green bond" demonstration project that was included in the corporate tax bill signed into law October 22 by president George W. Bush. The tax law provision allows up to $2 billion in tax-exempt bonds to be issued before Sept. 30, 2009 for environmentally friendly entertainment and resort facilities.
ACCESSION #
15458133

 

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