Solyndra got a favorable ruling from IRS
Solyndra, not only received a $500 million loan guarantee, it also got a favorable ruling from the IRS. According to "California Watch" -- a unit of the Center For Investigative Reporting -- the IRS decision gave Solyndra's customers a 10-percent tax deduction and it was later increased to 30 percent.
And the timing of the ruling, just weeks before getting the stimulus loan, raises questions about whether the White House pulled strings for Solyndra, at other agencies.
Also on Tuesday, a bankruptcy judge refused to extend the deadline for the sale of Solyndra's assets, now set to be auctioned off a month from now.
Solyndra's creditors argued it's not enough time to arrange financing, but the judge ordered Solyndra to find potential buyers who do have the money at a conference in Dallas next month.
solyndra, IRS, california watch, business
- Protesters vacate CCSF building, head to City Hall 31 min ago
- Virgin to stop service at Mineta San Jose Airport
- Bay Bridge bike path temporarily closed for work
- Parents discuss Oakland school assaults with police
- Vehicle runs over gas line, hits SJ DMV building
- Uber announces new insurance policy for drivers
- Costco recalls cases of freeze-dried fruit 42 min ago
- Scrabble asks fans to choose new word for dictionary 53 min ago
- Quiznos files for Chapter 11 bankruptcy protection
- Group says GM airbag failures caused 303 deaths
- Bay Area kids look to strike gold on ABC's 'Shark Tank'
- Photos: Meet the stars where you live
- roundup: AltCar Expo; Motorcyclist killed 8 min ago
- weather: Bay Area weather forecast for Saturday
Most Viewed StoriesMost Viewed Photos