You may find the following items in this issue of particular interest:

• Borikas, et al. v. Alameda Unified School District, in which a California appeals court found that that parcel tax’s residential/commercial property classifications and differential tax burdens based on property size exceeded the school district’s taxing authority.

• Northglenn Urban Renewal Authority v. Gil Reyes, et al., in which a Colorado appeals court rejected a county assessor’s TIF calculation that included property in the base value while removing that same property from the newly assessed value.

• Borough of Paramus v. County of Bergen, in which the New Jersey tax court held that leasing tax-exempt hospital property to a third-party on a for-profit basis does not affect the exempt status of the property since the hospital continues to serve the public purpose set forth by the tax statute.

• The IRS has released a new form required for a Tax Exempt Bonds Voluntary Closing Agreement Program submission request – Form 14429.