Lawyers: Shifting burden of proof to IRS could help issuers
- Price tag for Sen. Hatch's IRS reform proposal: $11 million. Resnick, Amy B. // Bond Buyer;03/31/98, Vol. 323 Issue 30362, p4
Focuses on the legislative proposal to enable municipal bond issuers to appeal an Internal Revenue Service plan to tax bonds. Additional federal revenue from the US Senate's IRS reform bill; Key provisions of the bill.
- Ex-treasurers lead opposition to muni tax provisions. Resnick, Amy B. // Bond Buyer;03/26/98, Vol. 323 Issue 30359, p4
Reports on the opposition of former state treasurers Kay Bailey Hutchison and Mary Landrieu to two tax provisions in President Bill Clinton's budget which target corporations that invest in municipal securities. Terms of the budget proposed by Clinton; Terms of the provisions opposed by...
- Washington senator shopping alternative to Clinton's tax plan for utility bonds. Kinnander, Ola // Bond Buyer;04/27/98, Vol. 324 Issue 30380, p27
Reports that Senator Slade Gorton is preparing to introduce legislation that would go beyond the Bill Clinton administration's proposal in protecting tax-exempt status of bonds issued by municipal utilities. Issuance of tax-exempt debt by municipal utilities; Future tax-exempt financing under...
- Tax reform affects municipalities. Decker, Michael // American City & County;Jul95, Vol. 110 Issue 8, p8
Discusses the potential effects of proposed federal tax reforms on the municipal bond market. National debate over tax restructuring; Federal tax restructuring on tax-exempt portfolios; Flat tax approach; National sales tax approach; Value-added tax (VAT) approach; Questions Congress should...
- Tax law changes. Kruger, Daniel // Bond Buyer;08/13/97, Vol. 321 Issue 30208, p6
Reports on the approval of laws by President Bill Clinton allowing tax changes on municipal bond issuance according to John Nuveen & Co. economist David Cohen.
- IRS Rules Plano, Tex., Health Issue Tax-Exempt. Albanese, Elizabeth // Bond Buyer;6/20/2001, Vol. 336 Issue 31164, p3
Reports on the United States Internal Revenue Service's ruling that the revenue bonds issued in 1997 by the Plano Health Facilities Development Corp. on behalf of Texas Health Resources were rightfully tax-exempt. Results of an investigation which showed that the bond were not used for a...
- Fiscal Panel Touts Bill That Would End Tax-Exempts. Schroeder, Peter // Bond Buyer;11/11/2010, Vol. 374 Issue 33415, p4
The article reports on the assessment of the National Commission on Fiscal Responsibility and Reform on the bill proposed by Senators Ron Wyden and Judd Gregg on the tax-reform bill that will eliminate tax-exempt bonds in the U.S.
- Hatch's IRS appeal plan awaits committee nod. Resnick, Amy B. // Bond Buyer;03/25/98, Vol. 323 Issue 30358, p4
Reports on the expected US Senate hearings for a proposal that would enable municipal bond issuers to appeal bond tax rulings by the Internal Revenue Service (IRS). Exclusion of the proposal from an IRS restructuring bill reviewed by the Senate Finance Committee on March 24, 1998.
- Proposed Legislation Leaves Munis Untouched But Restructures Income Tax. Resnick, Amy B. // Bond Buyer;10/05/98, Vol. 326 Issue 30492, p5
Reports on the effect of a United States tax reform legislation on municipal bonds. Representative Phil English's Simplified USA Tax plan; Restructuring of income tax; Proposed plan for individuals and businesses.