Talk of The Villages Florida - View Single Post - Latest on IRS tax exempt bond issue
Thread: Latest on IRS tax exempt bond issue
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Old 05-23-2014, 02:05 PM
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Quote:
Originally Posted by mulligan View Post
FYI, the CDD's don't own the golf courses or any other amenities. My view is the IRS would penalize those who benefited from the sale and ownership of tax free bonds. That's not me.
If memory serves me correctly the CDD sold tax free bonds to buy the amenities from the developer, if that is not the case what did they use the money for?
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