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Newswire

December 01, 1987

The Internal Revenue Service probably will claim about 38% of taxable money received in the settlement between fired football coach Earle Bruce and Ohio State University, said Jim Harman of the IRS office in Columbus, Ohio.

A $7.4-million lawsuit Bruce filed against the university and Jennings in Franklin County Common Pleas Court was dismissed Friday after the university agreed to pay Bruce a $471,000 settlement.

City and state taxes will claim a smaller share of the pot, Harman said. The city will get 2% and the state's share will be determined after federal taxable income is calculated. A portion of the settlement is tax exempt.

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