IRS Rules Roddy Ranch Pac Gen Bonds Taxable

Barnett, Susanna Duff
June 2004
Bond Buyer;6/30/2004, Vol. 348 Issue 31916, p4
Trade Publication
Reports that the Internal Revenue Service (IRS) has declared that interest on four series of municipal securities issued by Roddy Ranch Public Financing Authority are taxable because they violated the private-activity bond rules. Tax exemptions of private-activity bonds under the Internal Revenue Code; Order of IRS for trustees to notify bondholders that the bonds were taxable.


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