Today, NABL submitted a letter to the Internal Revenue Service and the United States Department of Treasury, supplementing NABL’s issue price comments submitted on September 22, 2015. In the letter, NABL requests an exception to the general rule for establishing issue price, separate from the alternative method, based on the unique nature of competitive sales and the burden placed on small issuers.
Click here to view NABL’s supplemental letter.
For more information about issue price regulations, attend the Tax Hot Topics panel at NABL’s Tax and Securities Law Institute. The panel will include John J. Cross III, Associate Tax Legislative Counsel at the Department of Treasury, and a discussion on the proposed issue price regulations.