Talk of The Villages Florida - View Single Post - Latest Development in the IRS Tax-Exempt-Bond Investigation
Thread: Latest Development in the IRS Tax-Exempt-Bond Investigation
View Single Post
 
Old 07-31-2011, 03:19 PM
rubicon rubicon is offline
Email Reported As Spam
Join Date: Nov 2010
Posts: 13,694
Thanks: 0
Thanked 15 Times in 13 Posts
Default
Quote:
Originally Posted by The Shadow View Post
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.
Shadow: Yes but its deeper. However for among other reasons, time being one, didn't want to get too detailed . To discuss just the CDD issue would probably time one out on TOTV.