Quote:
Originally Posted by rubicon
Shadow good information. This action began in the first quarter of 2009. It is now second quarter 2011. Don't know that the housing documents added this disclosure? I suspect with the number of closing documents, if the disclourse is included many buyers may have glossed right over it?
One point here is that whatever the IRS does here they will need to apply in every other CDD in the state of Florida
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I disagree, it depends on the way the CDD is structured. Example the IRS says to issue tax free bonds among other things the CDD must have a police department and the government must be at arms length from the developer. If the CDD has no police department the CDD is free to issue interest taxable bonds.