TITLE

IRS: Chicago Park District Deal Taxable

AUTHOR(S)
Duff, Susanna
PUB. DATE
December 2002
SOURCE
Bond Buyer;12/11/2002, Vol. 342 Issue 31530, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
8920988

 

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