Victoria Ozimek on Sequestration

FY 2021 Sequestration Reduction Rate for Direct Pay Tax Credit Bonds Set at 5.7%

According to the IRS website, the sequester reduction rate applied to payments made to issuers of direct pay tax credit bonds in fiscal year 2021 will be 5.7 percent. This percentage will apply to all subsidy payments...more

9/25/2020 / Bonds , Direct Pay Bonds , Internal Revenue Code (IRC) , IRS , Sequestration , Tax Credits , Tax Cuts and Jobs Act , Tax Rates

SLGS Window Reopening; Sequestration Extended Through FY 2029

The Bipartisan Budget Act of 2019 (the “Act”), which suspends the federal debt limit through July 31, 2021, was signed into law on August 2, 2019. As a result, the U.S. Department of the Treasury has announced that it will...more

8/5/2019 / Bipartisan Budget Act , Deficit Reduction , Federal Budget , Sequestration , State and Local Securities (SLGS) , U.S. Treasury

FY 2020 Sequestration Reduction Rate Set at 5.9%

According to the IRS website, the sequester reduction rate applied to payments made to issuers of direct pay tax credit bonds in fiscal year 2020 will be 5.9 percent. This percentage will apply to all subsidy payments...more

7/16/2019 / Bonds , Direct Pay Bonds , IRS , Sequestration , Tax Cuts and Jobs Act , Tax-Exempt Bonds

FY 2019 Sequestration Reduction Rate for Direct Pay Tax Credit Bonds Set at 6.2 Percent

According to the IRS website, the sequester reduction rate applied to payments made to issuers of direct pay tax credit bonds in fiscal year 2019 will be 6.2 percent. This percentage will apply to all subsidy payments...more

8/16/2018 / Bonds , Direct Pay Bonds , Federal Budget , Internal Revenue Code (IRC) , Sequestration , State and Local Government , Subsidies

Tax Reform Could Indirectly Eliminate Direct Pay Subsidy For Outstanding Tax Credit Bonds

An article released by The Bond Buyer on November 14, 2017, reports that, if Congress were to pass the proposed legislation released by the Committee on Ways and Means of the U.S. House of Representatives on November 2, 2017...more

11/16/2017 / Bonds , Congressional Budget Office , Debt , Direct Pay Bonds , IRS , Sequestration , Subsidies

FY 2018 Sequestration Reduction Percentage for Direct Pay Tax Credit Bonds Set at 6.6 Percent

According to an update released by The IRS Office of Tax Exempt Bonds, the sequester reduction percentage applied to the payments made to issuers of direct pay bonds in fiscal year 2018 will be 6.6 percent. This percentage...more

8/10/2017 / Bonds , Direct Pay Bonds , IRS , Public Finance , Sequestration , Tax Credits , Tax-Exempt Bonds

FY 2017 Sequestration Reduction Percentage for Direct Pay Tax Credit Bonds Set at 6.9 Percent

According to an update released by The IRS Office of Tax Exempt Bonds (TEB), the sequester reduction percentage applied to the payments made to issuers of direct pay bonds in FY 2017 will be 6.9 percent. This percentage will...more

8/11/2016 / Direct Pay Bonds , Interest Rates , IRS , Public Finance , Sequestration , Subsidies , Tax Credits

FY 2016 Sequestration Reduction Percentage for Direct Pay Tax Credit Bonds Set at 6.8 Percent

According to an update released by The IRS Office of Tax Exempt Bonds (TEB), the sequester reduction percentage applied to the payments made to issuers of direct pay bonds in FY 2016 will be 6.8 percent. This percentage will...more

8/13/2015 / Bonds , Direct Pay Bonds , IRS , Sequestration , Tax Credits , Tax-Exempt Bonds

FY 2015 Sequestration Reduction Percentage for Direct Pay Tax Credit Bonds Bumps Up to 7.3 Percent

According to an update released by The IRS Office of Tax Exempt Bonds (TEB), the sequester reduction percentage applied to the payments made to issuers of direct pay bonds in FY 2015 will be 7.3 percent. This new percentage...more

10/22/2014 / IRS , Sequestration , Tax-Exempt Bonds

Victoria Ozimek

Bracewell LLP

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