Proposed regulations - Arbitrage rebates, restrictions concerning tax-exempt bonds 

September 13:  The Treasury Department and IRS today released for publication in the Federal Register two sets of proposed regulations that concern arbitrage rebates and restrictions with respect to tax-exempt and other tax-advantage bonds.
  • REG-148812-11 [PDF 68 KB] provide guidance on the recovery of overpayments of arbitrage rebate on tax-exempt bonds and other tax-advantaged bonds, and include a deadline for filing a claim for an arbitrage rebate overpayment as well as certain other rules.
  • REG-148659-07 [PDF 131 KB] concerns the arbitrage restrictions under section 148 with respect to tax-exempt bonds and other tax-advantaged bonds, and proposes to amend existing regulations to address certain current market developments, simplify certain provisions, address certain technical issues, and make the regulations more administrable.

Comments on either set of proposed regulations are due by a date that is 90 days after publication of these proposed rules in the Federal Register on Monday, September 16, 2013.

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