Recent IRS Private Letter Ruling Provides Helpful Guidance on Management Contracts (Repost)

By Squire Patton Boggs on July 9, 2016 Posted in Bond Financing, Tax

The National Office of the Internal Revenue Service (“IRS”) released Private Letter Ruling (“PLR”) 201622003 on May 27, 2016. This recent PLR provides additional guidance on management contracts and private business use issues related to tax-exempt bonds. A full-length commentary on PLR 201622003 authored by Michael Cullers is available on Squire Patton Boggs’ Public Finance Tax Blog.