TITLE

Florida school bonds may be taxable due to yield burning: IRS

AUTHOR(S)
McEntee, Christopher
PUB. DATE
February 1998
SOURCE
Bond Buyer;02/19/98, Vol. 323 Issue 30334, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the US Internal Revenue Service has notified the Duval County, Florida School District that the refunding bonds it issued in 1992 may be declared taxable due to yield burning. Violation of tax codes; Mark-up of prices of escrow securities used to defease outstanding bonds; Contents of the IRS notification letter.
ACCESSION #
288633

 

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