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Build America Bonds

Build America Bonds. October 13, 2010. Build America Bonds – ARRA (Federal Stimulus Program). New money capital projects 35% of taxable interest subsidy Required Congressional action to extend beyond 2010. Economics of BAB’s. ARRA’s Tax Credit Bond Alphabet Soup.

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Build America Bonds

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  1. Build America Bonds October 13, 2010

  2. Build America Bonds – ARRA(Federal Stimulus Program) • New money capital projects • 35% of taxable interest subsidy • Required Congressional action to extend beyond 2010

  3. Economics of BAB’s

  4. ARRA’s Tax Credit Bond Alphabet Soup • Build America Bonds (BAB) – 35% of Taxable Interest Subsidy • Recovery Zone Economic Development Bonds (RZEDB) – 45% of Taxable Interest Subsidy • Qualified Energy Conservation Bonds (QECB) – 70% Interest Subsidy • New Clean Renewable Energy Bonds (New CREB) – 70% Interest Subsidy • Qualified School Construction Bonds (QSCB) – Potential 100% Interest Subsidy • Qualified Zone Academy Bonds (QZAB) – Potential 100% Interest Subsidy

  5. Considerations for BAB’s • Economics of transaction • Subsidy percentage may change • Different market expectations • Semi-annual IRS filings • Redemption flexibility • Federal government disputes • Planning for worst case

  6. Contact Information Colette J. Irwin-Knott, Partner H.J. Umbaugh & Associates 8365 Keystone Crossing, Suite 300 Indianapolis, IN 46240 (317) 465-1500 Irwin-knott@umbaugh.com

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