[villages07]

This "inquisition" should not affect current Villagers directly.

The bond on a new house... the developer builds out the streets, sidewalks, etc and pays for it by issuing bonds. These bonds are bought by investors. These bonds are attractive to investors because they are (now) considered municipal bonds and the interest paid to the investor is tax free. If the IRS rules that the interest is not exempt from Federal Tax then the bonds might not be as attractive to investors to purchase. This might have the ripple effect of increasing the interest rate on future bonds to attract investors. This would affect future new home purchasers and is completely unrelated to current homeowners and their annual bond payment on their property tax bill.

Recreation bonds.... when an area is completed, the developer gradually sells the amenities in that area to the central CDD district. The Central CDD purchases the facilities by issuing bonds. The bonds are paid off by residents via a portion (about 60%) of their amenity fees. Same scenario as above....if the interest is not federally tax exempt, then future bonds might carry a heftier interest rate to attract investors which could lead to higher amenity fees.

All speculation as to future impacts. But, thanks for the link Peachie...something to keep an eye on.