Indiana Municipal Power Agency, et al., Petitioners v. United States
Case Number:
23-48
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Firms
Companies
Sectors & Industries:
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August 18, 2023
Local Orgs Urge US Justices To Side With Utilities In IRS Fight
Several state and local government organizations urged the U.S. Supreme Court to wade into public-sector power providers' case over $96 million in IRS bond interest reimbursements, arguing that the agency "reneged" on its obligations to public utilities in depriving them of the payments.
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July 18, 2023
Justices Asked To Review IRS' $96M Cuts To Utility Payments
A group of public-sector power providers were wrongly deprived of $96 million in bond interest reimbursements that the IRS was obligated to give them under recession-era recovery legislation, the providers told the U.S. Supreme Court, urging the justices to review the agency's "bait-and-switch."