Client Alert

Generally, federal tax laws restrict the use of tax-exempt governmental use bonds by nongovernmental, non-public users, which is referred to as “private business use.” The tax laws do allow for a de minimis amount of private business use of tax-exempt bond financed property. However, if there is private business use of bond-financed property in excess of the de minimis allowance, tax-exempt governmental use bonds may lose their tax-exempt status.

Related Practices

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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