IRS pressures Alabama Solid-Waste Agency over '94 COPs

McEntee, Christopher
March 1999
Bond Buyer;03/12/99, Vol. 327 Issue 30597, p4
Trade Publication
Reports that the United States Internal Revenue Service (IRS) is demanding that the Solid Waste Disposal Authority of Mobile, Alabama, to pay $750,000 to settle an audit, following a predetermination that $15.6 million of certificates of participation (COP) it issued in 1994 are taxable. IRS contention that COPs issued to build a landfill violated the tax code.


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