IRS Rules In Pennsylvania School Bond Case

Barnett, Susanna Duff
August 2004
Bond Buyer;8/23/2004, Vol. 349 Issue 31953, p4
Trade Publication
Reports on the declaration of the U.S. Internal Revenue Service that the Series A and Series B bonds issued by the Young School District in Pennsylvania in 1997 are taxable. Violation of arbitrage restrictions by the bonds; Receipt of a proposed determination letter by the district from the IRS that found the bonds should be treated as a single issue; Request for an appeal by the district.


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