Moody's New Requirements for Government Audits

By Attorney Kristin Cooper If you have the opportunity to visit the Moody's website, you will see that they monitor everything from trade tensions to Coronavirus. Rating systems constantly evolve to appropriately monitor and report on credit risk, including that of municipal bonds. To further refine its rating methodology, Moody's...
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IRS Releases New Form 8038-CP and Instructions

By Attorney Kristin Cooper IRS Form 8038-CP is used by issuers of Build America bonds, recovery zone economic development bonds, and specified tax credit bonds who are electing to receive a direct credit payment equal to a percentage of the interest payments on the bonds from the federal government ("subsidy"...
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Ahlers & Cooney Law Firm Elects New Shareholders

Attorneys Maria Brownell and Conner Wasson have been elected shareholders at Ahlers & Cooney, P.C. Maria Brownell is a member of the firm’s Litigation and Public Finance Practice Groups, and works with public entities including cities, city utilities, counties, special districts and other local governments. She represents clients in both...
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Sales Tax Extended to 2051 - What You Need To Know

By Attorneys Beth Grob, Ron Peeler and Jim Wainwright Distribution of Sales Tax Revenue The one cent state sales, services, and use tax has been extended from December 31, 2029 to January 1, 2051. The new law provides for an increase in the amount of sales tax revenue dedicated to...
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New Budget Transparency and Approval Process for Cities and Counties

By Attorney Jenna Bishop During the 2019 session the Iowa legislature spent considerable time discussing changes to property taxes and limits on local governments' budgets. The Iowa House of Representatives approved a bill addressing these points, Senate File 634, in the early morning of April 25, 2019, after the Iowa...
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Local Election Law Changes Effective July 1, 2019

By Attorney Maria Brownell Two bills affecting local elections take effect on July 1, 2019. House File 566, which was signed into law on May 11, 2017 ("2017 law"), and House File 692, which was signed into law on May 16, 2019 ("2019 law"), include changes to election dates and...
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