A tax-exempt bond issued by a state or local government to non-profit organizations such as educational facilities, churches, and other charitable groups. Higher education facilities, hospitals, and organizations that provide lower income housing benefit the most from this type of bond. Since this type of bond is tax-exempt, its rates are usually lower than standard forms of financing.
Related information about 501-(C)(3) bond:
- Overview of Bond Financing for 501(c)(3) NonProfit Organizations
Jun 6, 2007 ... Why Use Bond Financing? Interest on a qualified 501(c)(3) Bond is exempt from Federal income taxation, alternative minimum tax and, usually, ...
- Publication 4077 (Rev. 9-2005) - Internal Revenue Service
Oct 1, 2001 ... qualified 501(c)(3) bond issue must be owned by either a 501(c)(3) organization or a governmental entity. Private Business Tests — Section ...
- H. 501(c)(3) BONDS – A Mini-Text - Internal Revenue Service
user is a 501(c)(3) organization. To be a "qualified 501(c)(3) bond" so that the interest received by bondholders is deductible from gross income under IRC 103, ...
- 26 USC § 145 - Qualified 501(c)(3) bond | LII / Legal Information ...
For purposes of this part, except as otherwise provided in this section, the term “ qualified 501(c)(3) bond” means any private activity bond issued as part of an ...
- 501(c)(3) Bond Program
501(c)(3) Bonds. Purpose. Through the City of Portland's authority to issue tax- exempt debt, PHB is responsible for the review and processing of applications for ...
- What is 501-(C)(3) bond? definition and meaning
Definition of 501-(C)(3) bond: A tax-exempt bond issued by a state or local government to non-profit organizations such as educational facilities, churches, and ...
- 501(c)(3) Bond Financing Program – Directory of New York City ...
The 501(c)(3) Bond Financing Program makes the proceeds of tax-exempt bonds available to federally eligible 501(c)(3) non-profit organizations for the new ...
- 501(c)(3) Bond Financing for Affordable Rental Housing | MFA ...
This program summary is intended as a general guide to developers, to assist in the determination as to whether the 501(c)(3) bond issue is an appropriate ...