Sec. 135502. Tax-exempt bond financing requirement
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/bill/117/hr/5376/rh/section-135502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 42(h)(4)(B) is amended by adding at the end the following: The preceding sentence shall be applied by substituting . 25 percent for 50 percent in the case of any building which is financed by any obligation issued in calendar year 2022, 2023, 2024, 2025, 2026, 2027, or 2028 (and not by any obligation on which the application of this subparagraph is based during any taxable year beginning during calendar year 2019, 2020, or 2021). The amendment made by this section shall apply to buildings placed in service in taxable years beginning after December 31, 2021.