4 Mar 2025
🏠IRS Notice on Proposed Repeal of Bonding Requirement Comments
Proposed Collection; Comment Request for Regulation Project
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the election involving the repeal of the bonding requirement.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The notice pertains to comments on the repeal of the bonding requirement for the low-income housing tax credit, affecting taxpayers and businesses engaged in housing finance. This change may alleviate compliance burdens and alter financial decisions related to surety bonds or Treasury Direct Accounts.