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IRS Rev. Rul.: Private Activity Bond Rules Do Not Apply, Others Do, for Tax-Exempt Qualification (IRC §149)

IRS Rev. Rul.: Private Activity Bond Rules Do Not Apply, Others Do, for Tax-Exempt Qualification (IRC §149)

The IRS released a revenue ruling holding that because bonds issued by the Alaska Railroad Corporation (Railroad Corporation) to finance the construction, acquisition, and improvement of certain property constitutes an ...

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