IRS Ruling on Naming Rights Could Remove Tax-Exempt …
(In a time when all colleges need more money, this just seems ridiculous to me) By MICHAEL ARNONE. Colleges that sell tax-exempt bonds to pay for construction and then make lucrative deals to sell the naming rights to the new facilities might soon have a difficult choice to make: lower the value of the naming-rights contracts or lose the tax-free status of their bonds. ................
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