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In some cases, this arrangement may provide a federal tax exempt status to the bonds, and many times a property tax exemption on the collateral. The sponsoring government is not responsible for bond repayment and the bonds do not affect the government’s credit rating. IRBs are desired as the private business receives a lower interest rate ...
Interest income from Treasury bonds is subject to federal income tax but exempt from state and local taxes. This exemption can be particularly beneficial for investors in high-tax states.
Revenue Bond of the City of New York, issued 3. June 1858, signed by mayor Daniel F. Tiemann. A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax.
The size of such payments can be controversial, especially where the organization appears to have federal income from taxable activities. For example, the tax-exempt Appalachian Mountain Club operates a modern hotel for its members in Carroll, New Hampshire, paying a negotiated PILOT amount to the town. A competing commercial hotel would also ...
Sep. 22—The new ownership of Niagara Towers and Urban Park Towers apartment buildings is looking to carry out renovation work. Orbach Affordable Housing Solutions, based in Englewood Cliffs, N.J ...
The MDTA can issue either taxable or exempt bonds to finance large scale projects. As of June 30, 2010, the Authority had outstanding revenue bonds totaling $2.7 billion. Most of this debt was in the form of transportation facility revenue bonds valued at $1.6 billion, for MDTA toll facilities.
The parks bond would pay for seven projects, ... The $150 million facility would include a senior center, basketball courts, a walking track, classrooms, a ceramic studio, a gym with locker rooms ...
MassDevelopment formed in 1998 from a merger of the Government Land Bank and Massachusetts Industrial Finance Agency. The Massachusetts Health and Educational Facilities Authority was merged into MassDevelopment in 2010, strengthening the depth of offerings for tax-exempt bond financing of capital projects.