IRS: Chicago Park District Deal Taxable

Duff, Susanna
December 2002
Bond Buyer;12/11/2002, Vol. 342 Issue 31530, p1
Trade Publication
Reports on a preliminary determination of the U.S. Internal Revenue Service (IRS) that several million dollars in advance refunding bonds issued by the Park District of Chicago, Illinois should be declared taxable. Reasons for the determination issued in a policy on December 6, 2002; Key features of the reinvestment structure in response to which the notice was issued; Conflict over the structure between Park District and IRS.


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