Rev. Proc. 2021-39: Extends Relief for Tax-Exempt Bonds Telephone Hearings

8/31/2021

Provides temporary guidance regarding the public approval requirement under § 147(f) of the Internal Revenue Code for tax-exempt qualified private activity bonds

Revenue Procedure 2021-39 provides temporary guidance regarding the public approval requirement for tax-exempt qualified private activity bonds and extends the time period during which telephonic hearings are permitted until March 30, 2022 because of the COVID-19 pandemic.

Revenue Procedure 2021-39 is in IRB: 2021-38, dated 9/20/2021.