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CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE 2009 American Recovery and Reinvestment Actual EXEMPT BOND RESERVATION CASH IN LIEU OF CREDITS and GAP FINANCING APPLICATION for 2009 4% Tax Exempt Bond
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Tax exempt bond reservation is a process by which certain entities reserve a portion of tax exempt bonds for a specific project or purpose.
Entities that plan to issue tax exempt bonds for a project or purpose are required to file tax exempt bond reservation.
Tax exempt bond reservation can be filled out online through the IRS website or by submitting a paper form to the appropriate taxing authority.
The purpose of tax exempt bond reservation is to ensure that tax exempt bonds are used for their intended purpose and to prevent abuse of the tax exempt bond system.
Information such as the project or purpose for which the tax exempt bonds will be used, the expected amount of bonds needed, and the expected timeframe for issuing the bonds must be reported on tax exempt bond reservation.
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