Quote:
Originally Posted by Bogie Shooter
I think the significant news is that people in Florida and around the US are now beginning to ask questions and get involved in the discussion. The financial impact to the future of issuing or not issuing tax exempt bonds will be very large.
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True. Hopefully, this factor convinces the IRS to address the issue of Community Development District bonds prospectively-- by issuing regulations to prevent FUTURE abuse, rather than to attack the bonds already issued. However, thus far, I have seen no indication that the IRS is going to take that approach.