P3 Projects and Tax-Exempt Bond Financing: How Does the Puzzle Work?
Author: Vicky Tsilas.; Edith Brashares.
Source: Volume 37, Number 01, Spring 2016 , pp.51-66(16)
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Abstract:
As governments face constraints on funding necessary infrastructure improvements, public officials often look at public-private partnerships (P3s) as a possible option. Tax attorney Vicky Tsilas and tax economist Edith Brashares examine highway financing and the opportunities and pitfalls in P3 structures using tax-exempt securities. They note the tax implications of the current rules governing contractual arrangements between users as owners of capital projects and for-profit contract/service providers.Keywords: Public private partnerships, tax-exempt bonds, infrastructure financings, highway financings
Affiliations:
1: Ballard Spahr LLP; 2: U.S. Treasury Office of Tax Analysis.