US Tax Guidance Issued on the Temporary Treasury Program to Support Money Market Funds
25 September 2008
Mayer Brown Article
25 September 2008 - On September 22, 2008, the Internal Revenue Service (the “Service”) issued Notice 2008-81 (the “Notice”) regarding the temporary Treasury program to support money market funds that was announced by the United States Department of the Treasury on September 19, 2008 (the “Program”). The Notice provides administrative relief and assurance that participation in the Program will not impair the ability of certain money market funds to pay tax-exempt dividends.