Tim Shaw  Tim Shaw  PL 117-169) need specific clarifications regarding what constitutes an applicable entity; how tax-exempt bond proceeds should be allocated; the treatment of interim tax-exempt financing; and tax form instructions, according to the American Bar Association’s Tax Section. Their recommendations include the suggestion that entities “calculate the percentage of the Credit Reduction by the time the bonds or the interim tax-exempt financing are issued” because requiring a recalculation after bonds are issued “could lead to significant administrative burdens and introduce budgeting uncertainties. “For instance, for the renewable electricity production credit, the instructions should illustrate how the reduction is determined each year, taking into account the appropriate approach for allocating tax-exempt bond proceeds and other funding sources