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TREAS/IRS RIN: 1545-BI76 Publication ID: Spring 2011 
Title: Qualified Tax Credit Bonds 
Abstract: The temporary regulations with a cross-referenced NPRM will provide comprehensive guidance on numerous interpretive issues (including credit rate, maturity, expenditure of proceeds, remedial actions, arbitrage restrictions, tax credit ownership separation (stripping), and reporting requirements) raised in section 54A with respect to qualified tax credit bonds. In addition, section 54A(i) contemplates regulations prescribed by the Treasury to provide guidance with respect to the separation of ownership of the tax credit (stripping the tax credit) from the ownership of the bond (the principal payment right). 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 7805    26 USC 54A   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Temporary Regulations  06/00/2011    
Additional Information: REG-121331-09 Drafting attorney: Zoran Stojanovic (202) 622-3721 Reviewing attorney: Timothy L. Jones (202) 622-3701 CC: FIP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State, Tribal 
Small Entities Affected: Businesses, Governmental Jurisdictions, Organizations  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BI75 
Agency Contact:
Zoran Stojanovic
General Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 3547,
Washington, DC 20224
Phone:202 317-6980
Fax:855 574-9027
Email: zoran.stojanovic@irscounsel.treas.gov