IRS: Alabama health system debt may lose tax-free status

McEntee, Christopher
December 1997
Bond Buyer;12/16/97, Vol. 322 Issue 30293, p1
Trade Publication
Reports that Birmingham, Alabama-based Baptist Health System's (BHS) $270 million of its revenue bonds may be declared taxable, as notified by the Internal Revenue Service (IRS). What the decision by IRS officials was based on; BHS's disagreement with the IRS's plans; Comments from Robert Green, senior vice president for finance of the BHS.


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