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Citing market turmoil from the pandemic, a California conduit issuer gave the Virgin Trains USA project a five-month extension to sell $3.25 billion of debt.June 29
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Highlights of a House Democrat legislative package include a new series of taxable direct-pay bonds that would start with a federal 42% subsidy for interest expenses.June 22
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The Move America Forward Act would permanently reinstate Build America Bonds, advance refundings and expand the issuance of private activity bonds.June 18
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PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.June 8
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Indian River County petitioned the court to overturn its unsuccessful appeal against the U.S. Department of Transportation and the passenger train operator.May 20
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IRS General Counsel Michael Desmond said Wednesday his office has received “a number of requests” for extending deadlines.May 8
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The IRS also announced temporary guidance providing relief for the calendar year 2020 regarding the reacquisition of qualified tender bonds and commercial paper.May 5
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Virgin Trains USA hopes to sell tax-exempt bonds from its $600 million California allocation this summer.April 14
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"Like all businesses, we are operating in a period of uncertainty which may last several months," Virgin Trains/Brightline President Patrick Goddard said.March 26
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The IRS has informally responded to a letter from NABL asking for a reduction in the high fee it charged for private letter rulings.February 28
