The Internal Revenue Service and the Treasury Department are seeking public comments on the arbitrage restrictions that pertain to tax-exempt bonds.

Under federal tax law, the issuers of many tax-exempt bonds are required to rebate  the arbitrage profits that result when the yield on the invested proceeds exceeds the bond yield.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.