IRS Issues Guidelines for Qualified Management Contracts for Facilities Financed by Tax Exempt Bonds
Healthcare providers with facilities financed with tax-exempt bonds need to be aware of recent changes to IRS rules for qualified management contracts.
On January 17, 2017, in response to feedback received on the new rules, the IRS issued Rev. Proc. 2017-13, which supersedes Rev. Proc. 2016-44. The safe harbors under Rev. Proc. 2016-44 became effective for any contract entered into on or after August 22, 2016 and may be applied to any management contract entered into before August 22, 2016. The safe harbors under Rev. Proc. 2017-13 became effective for any contract entered into on or after January 17, 2017 and may be applied to any management contract entered into before that date.
Craig W. Hammond is a member at Dickinson Wright. He has been bond counsel and underwriter's counsel on hundreds of tax exempt private activity bond issues for financing of manufacturing, health care, educational, cultural, senior housing, and solid waste disposal facilities.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training
in any format, any time!
White Papers and Articles
Sponsored Live Webinars
Additional benefits include:
State Specific Credit Tracker
Members Only Newsletter
All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
You can Login to access if you are already registered.