Talk of The Villages Florida - View Single Post - CCD question for the experts
Thread: CCD question for the experts
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Old 01-04-2021, 11:56 AM
John41
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Originally Posted by Goldwingnut View Post
In a nutshell, as I understand it from all my reading, the VCCCD issued tax free bonds, the problem was basically that the VCCDD is a commercial entity as it represented all the landowners (one - the developer) that are all businesses, so the tax-free bonds were issued to further businesses and not a community/municipality. The IRS and the cdd went back and forth
When municipalities issue bonds for industrial parks to attract businesses, I wonder if the IRS allows them to be tax free. Seems a possible double standard.