OK. Back on point.
Quote:
Originally Posted by Indydealmaker
No data. Nor can there be. This is a case with zero precedent.
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Not true. There is a ton of data here
Village Community Development Districts Also, you may want to read Chp 190 of the Florida Statutes concerning the operation of CDDs.
The facts and figures are not in dispute. That was settled through the TAM process.
The issue is the application of law, regulation, and case history (precedent).
The VCCDD may eventually win, but it is clearly at a disadvantage considering the IRS/Treasury assisted in writing the laws, wrote/implemented the regulations, and participated in the case history.
Read the background and you can form your own opinion as I have.