Private Activity Bonds
Qualified Private Activity Bonds (PABs) are federally tax-exempt bonds. Under the federal volume cap, Kansas has a total 2018 bond allocation of $311,375,000 for this purpose. The types of bonds qualifying for such tax-exempt status are:
- Exempt facility bonds
- Qualified mortgage bonds
- Qualified veterans’ mortgage bonds
- Qualified small issue bonds
- Qualified student loan bonds
- Qualified redevelopment bonds
- Qualified 501(c)(3) bonds
In Kansas, the primary demand for bond allocation has been for the issuance of exempt facility bonds, mortgage revenue bonds and qualified small issue bonds (or industrial revenue bonds).
David Soffer
Public Service Executive
Kansas Department of Commerce
1000 S.W. Jackson St. Suite 100
Topeka, KS 66612
Category: State
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