IRS decision affirms tax-exempt status of LIPA deal

Krugger, Daniel
March 1998
Bond Buyer;03/06/98, Vol. 323 Issue 30345, p1
Trade Publication
Reports on the US Internal Revenue Service's ruling that the Long Island Power Authority's (LIPA) proposal to buy out the Long Island Lighting Co. (LilCo) and create a municipal power agency would not leave LilCo liable for capital gains taxes. Exemption of the bonds issued for the takeover; Approvals required for LIPA to proceed with the deal; Components of LIPA's financing.


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