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Senators Call for Private Use Regs for Output Facilities

NOV. 19, 1997

Senators Call for Private Use Regs for Output Facilities

DATED NOV. 19, 1997
DOCUMENT ATTRIBUTES
  • Authors
    Hollings, Sen. Ernest F.
    Kerrey, Sen. J. Robert
    Bumpers, Sen. Dale
  • Institutional Authors
    Senate
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    private activity bonds
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 97-32632 (1 page)
  • Tax Analysts Electronic Citation
    97 TNT 233-29
====== SUMMARY ======

Senate Finance Committee member Bob Kerrey, D-Neb., and Sens.

 

Ernest F. Hollings, D-S.C., and Dale Bumpers, D-Ark., have urged

 

Treasury to have the IRS issue private use regs for output

 

facilities. The senators point out that it has been 11 years since

 

the provisions were enacted, but note that some members of Congress

 

were responsible for the delay.

====== FULL TEXT ======

November 19, 1997

The Honorable Robert Rubin

 

Secretary

 

Department of the Treasury

 

1500 Pennsylvania Avenue, NW

 

Washington, DC 20500

Dear Mr. Secretary:

[1] In light of the continuing attempts by some in the Congress to delay or restrict the Department's issuing of private use regulations for output facilities -- now eleven years after passage of the 1986 Tax Act -- we are writing to encourage the IRS to issue regulations as soon as possible. The guidance which these regulations are intended to provide our constituents in the management of their public power utilities would be very helpful and timely.

[2] Our hope is that these long-awaited regulations be issued immediately. We support the Treasury's efforts to bring this matter forward and appreciate the Service's diligent work on these complex regulations.

Sincerely,

Senator Ernest F. Hollings

 

Senator Robert J. Kerrey

 

Senator Dale Bumpers
DOCUMENT ATTRIBUTES
  • Authors
    Hollings, Sen. Ernest F.
    Kerrey, Sen. J. Robert
    Bumpers, Sen. Dale
  • Institutional Authors
    Senate
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    private activity bonds
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 97-32632 (1 page)
  • Tax Analysts Electronic Citation
    97 TNT 233-29
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