Steve Berger, a member of the Firm's Corporate & Securities Service Team, has authored a feature article in the current issue of Louisville Bar Briefs. “Manager’s Special: IRS Issues New Rules on Management Contracts for Tax-Exempt Bond Projects” provides an overview of the Internal Revenue Service’s recently issued Rev. Proc. 2017-17. The new rules revise and restate the “safe harbor” criteria for management contracts that will not violate the private business use limitations for tax-exempt bonds. Mr. Berger recommends that lawyers advising local governments and nonprofit organizations become acquainted with the new rules that govern the eligibility of their clients’ capital projects for tax-exempt financing.
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