The Investing in Our Communities Act amends the Internal Revenue Code to reinstate advance refunding bonds.
The Investing in Our Communities Act amends the Internal Revenue Code to reinstate advance refunding bonds. It modifies the rules for advance refunding bonds, including the treatment of bonds issued before and after 1986. The bill also includes provisions for abusive transactions, special rules for certain private activity bonds, and redemption requirements. The changes apply to advance refunding bonds issued after the enactment of this Act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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