Notice 2014-9 - Refundings of Recovery Zone Facility Bonds 

January 13:  The IRS today released an advance copy of Notice 2014-9 as guidance on “current refunding issues” with respect to outstanding prior issues of bonds that qualify as Recovery Zone Facility Bonds under section 1400U-3.

Notice 2014-9 [PDF 23 KB] applies to current refunding issues that are used (directly or indirectly in a series of current refunding issues) to refund original tax-exempt bonds issued before January 1, 2011, that met the qualification requirements for qualified Recovery Zone Facility Bonds.

Today’s notice provides that pending the promulgation and effective date of future administrative or regulatory guidance, taxpayers may rely on the guidance provided in Notice 2014-9.

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