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BANK PARTICIPANTS
The American Recovery and Reinvestment Tax Act provisions allow many banks to write off up to 80% of carrying costs when purchasing Bank Qualified Tax-Exempt Bonds.
Follow these steps to learn more about purchasing a Bank Qualified MFFA Tax-Exempt Bond and what it means for your bank.
- Contact your institution’s tax and/or financial advisor for information on how section 265(b) of the Internal Revenue Code of 1986 as amended by the American Recovery and Reinvestment Tax Act of 2009 applies to your bank.
- Call or email MFFA at (406) 444-0052, Mbarstad@mt.gov .
