Alternative Tax Penalties

Barnett, Susanna Duff
September 2004
Bond Buyer;9/2/2004, Vol. 349 Issue 31961, p1
Trade Publication
Reports on the revised proposal by the U.S. National Association of Bond Lawyers (NABL) aimed at providing alternative penalties to the taxation of bondholders when a tax-exempt bond issue violates the tax law. Need for the Congress to enact legislation to carry out a major provision contained in the proposal; Changes in the second draft from the first proposal of alternative sanctions released by NABL in 2001; Reason given by NABL for making the revisions.


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