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
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Old 08-04-2011, 08:22 AM
RVRoadie RVRoadie is offline
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Quote:
Originally Posted by EdVinMass View Post
No state has the authority to dictate what is or is not federally taxable.
True, but States decide what is and isn't a municipality. Florida has decided that CCDs are municipalities for tax purposes. This was done in the 80s.