Individual Income Tax
Conduit Revenue Bonds

  1. What are "conduit revenue bonds"?
  2. What conduit revenue bonds have been issued and is the interest from the bonds exempt from Wisconsin tax?

  1. What are conduit revenue bonds?

    Bonds or notes issued, by a commission (organized under sec. 66.0304, Wis. Stats.) that consists of government agencies, to fund certain projects.

  2. What conduit revenue bonds have been issued and is the interest from the bonds exempt from Wisconsin tax?

    A commission (entity created by two or more political subdivisions, which contract with each other under sec. 66.0301(2) or 66.0303(2), Wis. Stats.) is required to notify the Department of Revenue when a bond is issued. Below is a summary of bonds issued and the tax status of interest from the bonds.

Date Issued Title of Bond CUSIP Numbers Interest Exempt from
Wisconsin Tax
12/15/2010 Educational Facility Revenue Bond (Chaminade High School Project), Series 2010 N/A No
12/15/2010 Fixed Rate Revenue Bonds, Series 2010A (Central Wisconsin Electric Cooperative) 976831 AK3
976831 AL1
976831 AM9
976831 AN7
976831 AP2
976831 AQ0
976831 AR8
976831 AS6
976831 AT4
No
12/15/2010 Fixed Rate Revenue Bonds, Series 2010A (Adams-Columbia Electric Cooperative) 976831 AA5
976831 AB3
976831 AC1
976831 AD9
976831 AE7
976831 AF4
976831 AG2
976831 AH0
976831 AJ6
No
01/11/2011 Public Finance Authority Charter School Revenue Bonds (Highline Academy Charter School Project) Series 2011A and Taxable Series 2011B 74441 GAA4
74441 GAB2
74441 GAC0
74441 GAD8
No
02/25/2011 $11,450,000 Variable Rate Multifamily Housing Revenue Refunding Bonds, Series 2011 (Kendall Court Apartments Project) 74441X AA7 No
03/07/2011 $11,275,000 Variable Rate Multifamily Housing Revenue Refunding Bonds, Series 2011 (Lindsey Terrace Apartments Project) 74441X AB5 No
05/10/2011 Public Finance Authority Charter School Revenue Bonds (Kennesaw Charter School Project), Series 2011A and Taxable Series 2011B 744396 AC6
744396 AD4
744396 AE2
744396 AA0
744396 AB8
No
05/25/2011 Glenridge on Palmer Ranch, Inc. Proj Series 2011A, B, C 74442D AF9 No
06/21/2011 Education Revenue Bond 74442E AA8
74442E AB6
74442E AC4
No
08/23/2011 Public Finance Authority Student Housing Revenue Bonds (Provident Group - Stanhope Properties L.L.C. Project), Series 2011A-1 and 2011A-2
No
8/23/2011 Public Finance Authority Taxable Student Housing Revenue Bonds (Provident Group - Stanhope Properties L.L.C. Project), Series 2011A-3 and 2011A-4
No
08/23/2011 Public Finance Authority Subordinate Student Housing Revenue Bonds (Provident Group - Stanhope Properties L.L.C. Project) Series 2011B 74439Y AA9 No
08/23/2011 Public Finance Authority Junior Subordinate Student Housing Revenue Bonds (Provident Group - Stanhope Properties L.L.C. Project), Series 2011C-1
No
08/23/2011 Public Finance Authority Taxable Junior Subordinate Student Housing Revenue Bonds (Provident Group - Stanhope Properties L.L.C. Project), Series 2011C-2
No
09/22/2011 Public Finance Authority Taxable Variable Rate Demand Revenue Bonds (CSU Housing) 976831 AW7
No
09/28/2011 Public Finance Authority Multifamily Housing Revenue Bonds, Series 2011 74441XAC3 No
11/07/2011 Public Finance Authority Midwestern Disaster Area Revenue Bond, Series 2011 (DeForest Property Group LLC Project) No
11/23/2011 Total Public Finance Authority Industrial Development Revenue Bonds (Nordic Project), Series 2011A and 2011B N/A No
02/15/2012 Public Finance Authority Var. Rate Rev. Bonds, Ser. 2012 (Lutheran Social Services) 74442PAA3 No
05/14/2012 Public Finance Authority Development Revenue Bonds, Series 2012A and 2012B (Wingra Clinic Project) N/A No
06/05/2012 Multifamily Rental Housing Revenue Bonds 74442HAE3 No
06/13/2012 Revenue Bonds (Searstone CCRC Project) Series 2012 976831 AZO No
06/29/2012 Charter School Revenue Bonds (Explore Knowledge Foundation Project) Series 2012A and 2012B 744396 AF9
744396 AG7
744396 AH5
No
08/21/2012 Public Finance Authority Midwestern Disaster Area Bonds Series 2012A and B (Miller & Sons Project) N/A No
08/30/2012 Educational Facilities Refunding Revenue Bond, Series 2012A and 2012B (Northwest University) N/A No
09/12/2012 Public Finance Authority Revenue Bonds (Las Ventanas Retirement Community Project) Series 2012A-1, 2012A-2, 2012B-1, 2012B-2, 2012C-1 74442PAB1
74442PAC9
74442PAD7
74442PAE5
74442PAH8
No
09/13/2012 Airport Facilities Revenue and Refunding Bonds (TrIPs Obligated Group), Series 2012B, C, D, E, F, and G 74443C AA1
74443C AB9
74443C AC7
74443C AD5
74443C AE3
74443C AF0
74443C AG8
74443C AH6
74443C AJ2
74443C AK9
74443C AL7
No
10/04/2012 Public Finance Authority Educational Facility Revenue Bonds (Horizon Academy West Charter School Project) Series 2012 74443D AB7 No
10/09/2012 Public Finance Authority Charter School Revenue Bonds (Voyager Foundation, Inc. Project) Series 2012A and Series 2012B 744396 AM4
744396 AN2
744396 AK8
744396 AL6
No
12/13/2012 Public Finance Authority Revenue Bonds (Roseman University of Health Sciences Project) Series 2012 74442P AK1
74442P AL9
74442P AM7
No
12/13/2012 Public Finance Authority Multifamily Housing Mortgage Revenue Bonds 74443F ACO No
12/19/2012 Educational Facility Revenue Bonds (Cottonwood Classical Preparatory School Project) Series 2012A 74443D AC5
74443D AD3
74443D AE1
No
12/19/2012 Taxable Educational Facility Revenue Bonds (Cottonwood Classical Preparatory School Project) Series 2012B 74443D AF8 No
12/21/2012 Educational Facilities Revenue Bonds (Pfeiffer University Projects), Series 2012 N/A No
03/19/2013 Airport Facilities Revenue and Refunding Bonds (AFCO Investors II Portfolio), Series 2013 74443C AN3 No
05/01/2013 Public Finance Authority Revenue Refunding Bond (Rehoboth Christian School Association Project) Series 2013 N/A No
05/23/2013 Public Finance Authority Multifamily Rental Housing Revenue Bonds 74442H AH6 No
05/29/2013 Multifamily Housing Revenue Bonds, Series 2013A and A-T 74441X AG4 (A-T)
74441X AF6 (A; last maturity)
No
05/31/2013 Public Finance Authority Educational Facilities Revenue Refunding Bond (Johnson C. Smith University), Series 2013 N/A No
05/31/2013 Public Finance Authority Educational Facilities Revenue Refunding Bond (Southeastern Baptist Theological Seminary), Series 2013 N/A No
08/01/2013 School Facilities Revenue Bond (The Hun School of Princeton Project), Series 2013 N/A No
08/16/2013 Public Finance Authority Education Revenue Bonds (Carolina International School), Series 2013A 74442E AH3 No
08/16/2013 Public Finance Authority Taxable Education Revenue Bonds (Carolina International School), Series 2013B 74442E AG5 No
09/30/2013 Public Finance Authority Revenue Bond (Critical Care Services, Inc. Project) Series 2013 N/A No
10/31/2013 Refunding Revenue Bonds (Educational Media Foundation Project), Series 2013 N/A No
12/11/2013 $7,805,000 Public Finance Authority Multifamily Housing Mortgage Revenue Bonds (Shamrock Gardens Apartments) Series 2013A N/A No
12/19/2013 Educational Facilities Revenue Refunding Bond (Queens University of Charlotte), Series 2013 N/A No
12/20/2013 Public Finance Authority Educational Facilities Refunding Revenue Bonds (Northwest Nazarene University), Series 2013 N/A No
12/24/2013 $7,935,000 Public Finance Authority Refunding Mortgage Revenue Bond (Tides, Inc. Project) Series 2013A N/A No
12/24/2013 $7,905,000 Public Finance Authority Refunding Revenue Bonds (Tides Two Rivers Fund Project) Series 2013 N/A No
12/24/2013 $2,515,000 Public Finance Authority Taxable Refunding Mortgage Revenue Bond (Tides, Inc. Project) Series 2013B N/A No
12/31/2013 Public Finance Authority Lindo Paseo Student Housing Senior Revenue Bonds, Series 2013A and Subordinate Revenue Bonds, Series 2013B 74439YAC5 (2013A only) No
03/12/2014 Multifamily Housing Revenue Bonds (Magnolia Terrace), Series 2014 74441X AU3 No
04/01/2014 Recreational Facilities Revenue Refunding Bonds N/A No
04/14/2014 Educational Facility Revenue Refunding Bonds (Northwest Christian Schools, Inc.), Tax-Exempt Series 2014A and Taxable Series 2014B N/A No
04/30/2014 Multifamily Housing Revenue Bonds (WHPC-Southern Bond Pool I) 74441XAX7 No
05/01/2014 Public Finance Authority, Educational Facilities Revenue Refunding Bond (Caldwell Academy) Series 2014 N/A No
05/01/2014 Education Revenue Bond (Palm Beach Maritime Academy Project) 74442E AK6 No
05/14/2014 Public Finance Authority Education Revenue Bonds (Coral Academy of Science, Las Vegas) Series 2014A and 2014B (Taxable) 74442EANO No
05/15/2014 Public Finance Authority Benefit Assessment Revenue Bonds (CEFIA 1), Senior Series 2014A-1, Subordinate Series 2014B-1, and Super-Subordinate Series 2014C-1 N/A No
05/21/2014 Public Finance Authority Tax-Exempt Charter School Senior Revenue Bond (Vertex I, LLC Projects) Series 2014A-1; Public Finance Authority Tax-Exempt Charter School Subordinate Revenue Bond (Vertex I, LLC Projects) Series 2014A-2; and Public Finance Authority Taxable Charter School Senior Revenue Bond (Vertex I, LLC Projects) Series 2014A-3 744396 AS1
744396 AR3
744396 AT9
No
05/23/2014 Public Finance Authority Revenue Bond (Wedum St. Cloud Student Housing, LLC Project) Series 2014 N/A No
06/19/2014 Public Finance Authority Educational Facilities Revenue Refunding Bond (Wesleyan Christian Academy) Series 2014 N/A No
06/26/2014 Public Finance Authority Educational Facilities Revenue Bonds (The Bear Creek School) Series 2014 N/A No
06/26/2014 Public Finance Authority First Mortgage Educational Revenue Bonds (Palm Beach Maritime Academy Project), Series 2014A and Taxable Series 2014B 74443D AJO No
07/01/2014 Public Finance Authority Revenue Bonds (University of Northwestern-St. Paul Project) N/A No
07/03/2014 Public Finance Authority Senior Living Revenue Bonds (Rosa Villa Project), Series 2014A, 2014B-1, 2014B-2 and 2014B-3 74443U AA1
74443U AB9
74443U AC7
74443U AD5
74443U AE3
74443U AFO
74443U AG8
74443U AH6
No
07/07/2014 School Facilities Revenue Bond (The Pennington School Project), Series 2014 N/A No
07/10/2014 Public Finance Authority Educational Facilities Revenue Bonds (King's Way Christian School Project), Series 2014 N/A No
08/06/2014 Public Finance Authority MH Revenue Bonds (Heritage Square Apts.) 74441X BB4 No
09/11/2014 Public Finance Authority MH Revenue Bonds (GMF-Alabama Pool Project) 74441X BC2 No
09/19/2014 Public Finance Authority Educational Facilities Revenue Bond (St. David's School Project), Series 2014 N/A No
10/01/2014 Public Finance Authority Taxable Charter School Senior Revenue Bonds (Vertex I, LLC Projects), Series 2014B-3 744396 AV4 No
10/01/2014 Public Finance Authority Tax-Exempt Charter School Senior Revenue Bonds (Vertex I, LLC Projects), Series 2014B-1 744396 AU6 No
10/17/2014 Public Finance Authority Taxable Variable Rate Demand Multifamily Housing Revenue Bonds (Affinity at Wells Branch Project), Series 2014 744412X BE8 No
10/31/2014 Public Finance Authority Recreational Facilities Revenue Bonds (YMCA of Western North Carolina), Series 2014 N/A No
11/06/2014 Public Finance Authority Education Revenue Bonds (Lake Lure Classical Academy), Series 2014A 74442E AQ3 No
11/06/2014 Public Finance Authority Taxable Education Revenue Bonds (Lake Lure Classical Academy), Series 2014B 74442E AT7 No

FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Customer Service Bureau
PO Box 8949
Madison, WI 53708-8949
Phone: (608) 266-2486
Fax: (608) 267-1030
Email additional questions to DORIncome@revenue.wi.gov

November 18, 2014