Which of the Following Uses of Proceeds from Private Activity

question 23

Multiple Choice

Which of the following uses of proceeds from private activity bonds will most likely qualify those bonds as federally tax-exempt?
I. public airport runway
II. baseball stadium
III. multifamily housing project
IV. mass rail transit

• A)I and II only
• B)I and III only
• C)II and III only
• D)II and IV only
• E)I, III, and IV only

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Excise Tax

A specific tax levied on the sale of a particular product or service, often imposed to discourage the consumption of that good.

Tax

A financial charge or levy imposed by a government on individuals or entities to fund public expenditure.