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Build America Bonds : ウィキペディア英語版 | Build America Bonds Build America Bonds are taxable municipal bonds that carry special tax credits and federal subsidies for either the bond issuer or the bondholder. Build America Bonds were created under Section 1531 of Title I of Division B of the American Recovery and Reinvestment Act that U.S. President Barack Obama signed into law on February 17, 2009.〔DerivActiv MuniMarket Pulse. "(Mier of Loop Capital Says an Issuer 'Can Get Access to All These New Buyers by Going Taxable' )" Retrieved on May 23, 2009〕 〔Internal Revenue Service. "(IRS Issues Guidance on New Build America Bonds )" Retrieved on May 23, 2009. DEAD LINK July 29, 2014〕 〔http://www.treasury.gov/initiatives/recovery/Documents/BABs%20Report.pdf Retrieved July 29, 2014〕 The program expired December 31, 2010.〔(States to lose Build America Bonds program in 2011 ) Retrieved on January 17, 2011〕 ==Purpose of and eligibility for Build America Bonds== The purpose of Build America Bonds is to reduce the cost of borrowing for state and local government issuers and governmental agencies. Some traditionally tax-exempt issuers, such as private party issuers and 501(c)(3) organizations, are not eligible to use the Build America Bond program.〔Miller, Canfield, Paddock and Stone, P.L.C. "(Build America Bonds )" Retrieved on May 23, 2009. DEAD LINK July 29, 2014〕 Currently, the program is only open to new issue capital expenditure bonds issued before January 1, 2011.〔 Build America Bonds can provide states and localities with substantial savings on their borrowing costs. According to the United States Department of the Treasury, the savings for a 10 year bond are estimated to be 31 basis points and the savings for a 30 year bond are estimated to be 112 basis points versus traditional tax-exempt financing.
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Build America Bonds」の詳細全文を読む
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