Bulletin No. 2002–16 April 22, 2002
EXEMPT ORGANIZATIONS
Internal Revenue Bulletin 2002-16 · 2026-10-03 edition · updated 2026-10-04 · United States
REG–165706–01, page 787 . Proposed regulations modify the definition of a refunding issue under section 1.150–1(d) of the regulations in connection with a combination of section 501(c)(3) organizations. Generally, interest on bonds issued by state and local governments is excluded from gross income, however, this exclusion does not apply to certain refunding issues. A public hearing is scheduled for July 30, 2002.
Announcement 2002–43, page 792. This announcement describes a closing agreement program relating to certain state or local bonds issued in connection with affiliations of section 501(c)(3) hospital organizations.
April 22, 2002 2002–16 I.R.B.
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