Just in Case You Didn’t Notice – Rev. Proc. 2016-44 Treats As Compensation Under a Management Contract the Reimbursement of Amounts Paid by the Manager to Its Employees

By | The Public Finance Tax Blog | September 27, 2016
Just in Case You Didn’t Notice – Rev. Proc. 2016-44 Treats As Compensation Under a Management Contract the Reimbursement of Amounts Paid by the Manager to Its Employees

Revenue Procedure 2016-44 is laudable because it significantly expands the scope of management contracts that can satisfy the safe harbor from private business use of facilities financed with proceeds of tax-advantaged bonds. 

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