IRS

A tale of two bond-financed fertilizer projects in the Midwest -- how one is thriving with the IRS' blessing on the bonds and the other is at a virtual standstill and in a dispute with the tax regulator.

The decision impacts $1.26 billion of economic development revenue and refunding bonds issued by the company, which said it is considering its response to the IRS.

IRS muni regulatory priorities for 2018 include rules on bond reissuance and final rules on notice and approval of private activity bond-financed projects under TEFRA.

Municipal bond market experts want clarification from the IRS on a few regulations and expect the agency to move ahead with its new data driven audit process.

A tribal government specialist has replaced Allyson Belsome as head of the group responsible for muni bond audits.

Public power providers can apply through June 19, 2018 to issue a total of $379.5 million of New CREBs.

Treasury, IRS concerns remain that some political subdivisions are controlled by developers.

Bond attorneys expressed dismay the public notice requirement would remain 14 days.

Some lawyers like the more targeted process, others have concerns,

Treasury and the IRS said they may propose more targeted guidance on political subdivisions.