ORLANDO - Treasury Department guidance on how issuers or bondholders can "strip" and separately sell the tax credits from the new tax-credit bonds authorized for 2009 and 2010 by the stimulus law will likely not be ready for several months, department officials said Friday.

The stripping option could broaden the market for issuers, allowing them to sell bonds to investors with no use for the credits, such as pension funds or China, John J. Cross 3d, tax legislative counsel for the Treasury's office of tax policy, said at meeting here.

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