On June 6, 2016, John Vahey of the BDA testified at the IRS public hearing on the proposed rule to re-define ‘political subdivision’. The BDA’s testimony is here and the hearing agenda can be viewed here. The testimony focuses on the policy points and recommendations that BDA raised in its May 2016 comment letter. The IRS proposal to re-define ‘political subdivision’ can be viewed here. To read the complete recap, click here.