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August 31, 2021

Telephonic hearings will be used until March 30, 2022, to satisfy public-approval requirement for private activity bonds

In temporary guidance (Revenue Procedure 2021-39) issued due to the continuing COVID-19 pandemic, the IRS has extended until March 30, 2022 the period for holding certain telephonic hearings on the public-approval requirement under IRC Section 147(f) for tax-exempt private activity bonds.