Proposed section 103 regulations on “dirt bonds” | KPMG | US

KPMG report: Effects of proposed section 103 regulations on “dirt bonds”

Proposed section 103 regulations on “dirt bonds”

Community development districts, established to develop or improve infrastructure on raw or blighted land, may issue tax-exempt bonds—often referred to as “dirt bonds” because the bonds typically are intended to be repaid from taxes imposed on land developed with the bond proceeds.


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The tax landscape for dirt bonds may shift if recently issued proposed regulations are finalized.


Read a June 2016 report [PDF 195 KB] prepared by KPMG LLP: What’s News in Tax: Proposed Section 103 Regulations Could Muddy the Waters for Issuers of “Dirt Bonds”

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