Qualified Bonds for Non-Profit
Federal and state governments recognize the essential role that non-profit, or 501(c)(3) organizations, play in our society. Hospitals, universities, religious organizations, and interest groups provide low-income housing, assisted living facilities, libraries, museums, and more to promote education and social welfare.
For that reason, non-profits are not only exempt from Federal income taxation, they are also generally permitted to finance their activities on a tax-exempt basis. This includes the use of proceeds from tax-exempt bonds, which carry a much lower interest rate.
Contact Rubin & Hays for information about how to take advantage of tax-exempt municipal bond financing. The government expects non-profits receiving those benefits to follow certain rules and regulations, and as bond counsel, we can explain those roles and help our clients continue with the regulations associated with such financings.