Economic Development Funds and Taxation

Volume 27 No. 1

By

C. Arthur Robinson II is an attorney with the Virginia Beach, Virginia, firm of Wolcott Rivers Gates.

IRC § 118 typically makes government economic development funds tax-free to corporations, but not to other types of business entities; however, given the origins of this exclusion, limitation of the tax-free treatment to corporations is not justified and the exclusion should be available to other types of business entities.

Premium Content for:

  • ABA Section of Real Property, Trust and Estate Law Members
Join Now

Already a member? Log In


Advertisement


Memorandum for Authors

(Last Updated July 2015 - PDF)

 


Frequently Asked Questions By Prospective Authors

 


Frequently Asked Questions By Prospective Editors

 


Reprint Permission Policies

The Section's Executive Committee approved these updated policies in November 2011.