IRS: Tax-Exempts Can Be Made Retroactively Taxable
- Suffolk's Budget office finds $29M surplus. // Long Island Business News (7/1993 to 5/2009);10/18/2002, Vol. 49 Issue 44, p52A
Reports that the surplus amount found by Suffolk County, New York's Budget Review Office could save tax exemptions. Increase in sales tax revenues in the third quarter of 2002; Requisitions for adoption of a reasoning operating budget for the year 2003; Actions that need to be undertaken to...
- Richmond Agencies Gear Up for $90M Redevelopment Deal. Vadum, Matthew // Bond Buyer;10/30/2002, Vol. 342 Issue 31502, p4
Reports on the complex innovative tax-exempt deal initiated by local authorities in Richmond, Virginia. Reliance on a host of revenue pledges; Sale of tax-increment financing bonds; Complication of special assessment deal.
- Despite proposed spending cuts, 2011 deficit still exists. Czurak, David // Grand Rapids Business Journal;11/23/2009, Vol. 27 Issue 48, p4
The article discusses the 27.4 million-dollar deficit in the 2011 general operating fund of Grand Rapids City, Michigan. The business community will reportedly be consulted on what they want and do not want from the city and how the city may modify its corporate structure. It is stated that...
- Senate Backing for Tax-Exemption Renewal. Heller, Michele // American Banker;2/6/2002, Vol. 167 Issue 25, p4
Reports on the tax-exemption renewal for financial services firms in the U.S. Release of the 2003 fiscal budget; Senate considerations on tax provisions expiring at the end 2002; Issue on economic stimulus package for tax exemption.
- TAX-EXEMPT BONDS: A SACRED COW THAT GAVE (SOME) MILK. Zimmerman, Dennis // National Tax Journal;Sep89, Vol. 42 Issue 3, p283
This article addresses issues related to tax-exempt bonds in the U.S. as of September 1989. Entitled to reverence and respect or holy might leap to the minds of many state and local officials, investment bankers, and bond lawyers upon seeing the term sacred used to refer to tax-exempt bonds. But...
- Flight To Federal Charter Is Draining Utah System. // Credit Union Journal;7/19/2004, Vol. 8 Issue 29, p5
Reports on the conversion of three state credit unions in the process of converting to federal charters in Salt Lake City, Utah. Flexibility of the federal charter; Impact of mass transformation on the state coffers; Exemption of the credit unions from supervisory fees.
- More County Revenue Taken. Czurak, David // Grand Rapids Business Journal;6/9/2008, Vol. 26 Issue 23, p12
The article reports on the tax revenues contributed by Kent County in Michigan in 2007. Kent Country posted an increase in its tax revenues. It contributed about $7.3 million towards various economic development activities undertaken by cities and townships through tax captures and tax...
- How far does the IRS's 20 percent rule reach? O'Hare, Patrick K. // hfm (Healthcare Financial Management);Apr95, Vol. 49 Issue 4, p20
Inquires into the extent of the Internal Revenue Service's (IRS) `20 percent rule.' Application to all tax exempt integrated healthcare systems; Possible extension on case to case basis; Viewed inconsistency.
- MISSISSIPPI. // Property Tax Alert;Jul2009, Vol. 15 Issue 7, p7
The article reports on the opinion issued by the Mississippi Attorney General on property tax exemption. According to the opinion, when the lieu agreement expires, none of the increase in tax revenues to the county attributable to the property should be counted against the county in the 10% cap...