High court rejects challenge to IRS power to tax bonds

Reynolds, Katherine M.
February 1998
Bond Buyer;02/24/98, Vol. 323 Issue 30337, p1
Trade Publication
Reports on the US Supreme Court's February 23, 1998 refusal to review the case `Harbor Bancorp vs. Commissioner, Internal Revenue Service (IRS),' which challenges the IRS's authority to declare municipal bonds taxable. Implications for bond issuers; Background on the case; Significance of the Ninth Circuit Court of Appeals' decision on the case. INSET: The Harbor Bancorp case: 12 years to taxability..


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