{"id":2600,"date":"2016-02-25T10:11:18","date_gmt":"2016-02-25T18:11:18","guid":{"rendered":"https:\/\/www.pacificalawgroup.com\/?p=2600"},"modified":"2016-02-25T10:11:18","modified_gmt":"2016-02-25T18:11:18","slug":"irs-releases-proposed-political-subdivision-regulations","status":"publish","type":"post","link":"https:\/\/www.pacificalawgroup.com\/irs-releases-proposed-political-subdivision-regulations\/","title":{"rendered":"IRS Releases Proposed Political Subdivision Regulations"},"content":{"rendered":"<p>On February 23, 2016, the Internal Revenue Service issued proposed regulations (REG-129067-15, the &#8220;Proposed Regulations&#8221;) revising the definition of political subdivision for the purpose of tax-exempt bonds. The Proposed Regulations follow a controversial 2013 IRS Technical Advice Memorandum (the &#8220;TAM&#8221;) that concluded that bonds issued by a Florida community development district were not tax-exempt because the district was not a political subdivision eligible to issue tax-exempt bonds. Like the TAM, the Proposed Regulations adopt a narrower definition of political subdivision than has typically been used by the tax-exempt bond community.<\/p>\n<p><a href=\"https:\/\/www.pacificalawgroup.com\/wp-content\/uploads\/2016\/02\/IRS-Releases-Proposed-Political-Subdivision-Regulations-2-25-16-FINAL.pdf\">Read more &gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On February 23, 2016, the Internal Revenue Service issued proposed regulations (REG-129067-15, the &#8220;Proposed Regulations&#8221;) revising the definition of political&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,17,22],"tags":[],"class_list":["post-2600","post","type-post","status-publish","format-standard","hentry","category-library","category-public-finance","category-tax"],"acf":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/posts\/2600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/comments?post=2600"}],"version-history":[{"count":0,"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/posts\/2600\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/media?parent=2600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/categories?post=2600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pacificalawgroup.com\/wp-json\/wp\/v2\/tags?post=2600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}