Industrial revenue bonds (IRBs) are financing instruments issued by designated local industrial development boards (IDBs) or other issuers authorized by state law.  IRBs have been a preferred method of financing used by industries locating to and expanding in Alabama and Georgia.  Other States such as South Carolina utilize Fee-in-lieu of tax (FILOT) agreements.

Because these agreements were negotiated by IDB counsel and either corporate counsel or outside counsel, most corporate tax departments do not periodically review these agreements to ensure the intended economic benefits are still being enjoyed by the company.

Silver Oak Advisors has expertise in the review of these agreements and has secured refunds for major corporations in all 3 of the above mentioned States.

During these economic times when manufacturers are looking to reduce manufacturing costs, do not overlook this opportunity to not only save money in the future, but secure refunds for prior years.

Email us today or contact us at (877) 352-8616.