Alternatives to Tax-Exempt Advance Refunding Bonds
By EsqSocial Corporation 19/05/21
As described in “Tax-Exempt Advance Refunding Bonds: History and Legislative Updates” by Caitlyn Smith Burchfield, the Tax Cuts and Jobs Act of 2017 bans the issuance of tax-exempt advance refunding bonds after December 31, 2017. An advance refunding bond issue is one where the proceeds of the issuance are used to redeem outstanding bonds on a date that is more than 90 days after the issuance of the advance refunding bonds. Current refundings (where the refunded bonds are redeemed within 90...
By: Butler Snow LLP