TITLE

IRS pressures Alabama Solid-Waste Agency over '94 COPs

AUTHOR(S)
McEntee, Christopher
PUB. DATE
March 1999
SOURCE
Bond Buyer;03/12/99, Vol. 327 Issue 30597, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
1959491

 

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