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dc.contributor.authorBirmingham, Robert L.en_US
dc.date.accessioned2013-01-28T20:37:50Z
dc.date.available2013-01-28T20:37:50Z
dc.date.issued1968en_US
dc.identifier.citation1 Creighton L. Rev. 9 (1968)en_US
dc.identifier.urihttp://hdl.handle.net/10504/38344
dc.description.abstractINTRODUCTION|Subsection 103(a) (1) of the Internal Revenue Code of 1954 excludes from income subject to tax "the obligations of a State, a Territory, or a possession of the United States, or any political subdivision of any of the foregoing, or of the District of Columbia.... "|This provision repeats in substantially unchanged form apart of section 22 (b) (4) of the 1939 Code, itself an extension of a rule in effect since 1913. By a series of revenue rulings the Treasury Department has interpreted it to allow state and local governments to use the immunity from taxation accorded income from their securities as a source of subsidy to industry permitting attraction of new firms without direct cost...en_US
dc.publisherCreighton University School of Lawen_US
dc.titleIndustrial Development Bonds and Economic Policyen_US
dc.typeJournal Articleen_US
dc.rights.holderCreighton Universityen_US
dc.description.volume1en_US
dc.publisher.locationOmaha, Nebraskaen_US
dc.title.workCreighton Law Reviewen_US
dc.description.note1968en_US
dc.description.pagesSep-33en_US


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