TITLE

IRS Declares Taxable Bonds Sold for Solid-Waste Disposal Equipment

AUTHOR(S)
McConnell, Alison L.
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the $10 million of solid-waste disposal revenue bonds by the California Pollution Control Financing Authority have been preliminarily declared taxable by the U.S. Internal Revenue Service (IRS). Cheese & Protein International LLC, the authority and conduit borrower, announced that the IRS believes that the bond-funded project is unqualified for tax-exempt financing under federal tax code rules.
ACCESSION #
21784086

 

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