Cost of Tax Exemption Put at $34 Billion in '06
- National Market May Mirror Florida If Court Sides With Davis. Posner, Matthew // Bond Buyer;7/20/2007, Vol. 361 Issue 32672, p7
The article reports that Floridians, with no tax incentive to buy in-state bonds, can peruse offerings from all other states and territories when looking for tax-exempt debt. It reveals that the situation is taking a toll on state and local issuers. According to Municipal Market Advisors...
- With probes growing, IRS official defends section 6700 practice. Barnett, Susanna Duff // Bond Buyer;2/20/2004, Vol. 347 Issue 31825, p4
Reports on the probe conducted by the Internal Revenue Service's tax-exempt bond division into municipal bond transaction participants who provide false statements in the U.S. Penalties against promoters of abusive tax shelters; Promotion to strengthen the integrity of the tax system; Concerns...
- Fitch Looks at Muni Bond-Backed CDOs. // Asset Securitization Report;5/27/2002, Vol. 2 Issue 21, p10
Focuses on the structure for passing through tax-exempt income from single or multiple municipal bonds. Mitigation of interest rate exposure; Development of CDO-like structure for municipal bonds; Comparison between tender option bonds and municipal bonds.
- More woes for municipals. // ABA Banking Journal;Oct81, Vol. 73 Issue 10, p230
Reports the problems on the market for tax-free municipal bonds in the U.S. Increase in the net borrowing by the government; Feature of the All-Savers Certificate on tax-exemption; Transition of the investor funds into municipal bonds.
- MARKET STATISTICS. // Bond Buyer;10/10/2001, Vol. 338 Issue 31240, p36
Presents several charts depicting market statistics of municipal bonds in the United States as of October 2001. Market indicators of bonds; Short-term tax-exempt yields; Prices of US securities; Merril Lynch Corporate bond indexes; Municipal market data general obligation yields.
- Cost of Tax-Exempt Bonds Estimated at $33 Billion. Ferris, Craig T. // Bond Buyer;2/4/2003, Vol. 343 Issue 31566, p5
Reports that tax exemption for interest paid on all municipal bonds will cost the federal government an estimated 33 billion dollars in fiscal 2004 and will rise to 35.6 billion in fiscal 2008 due to a surge in new-issue volume and advance refundings of governmental debt. Source for most of...
- Tax Exemption Repeal Could Kill 892,000 Jobs. DEPAUL, JENNIFER // Bond Buyer;6/25/2013, Vol. 384 Issue 33934, p1
The article focuses on the report titled "U.S. Metro Economies: Job Impact of Proposals to Limit the Municipal Bond Market" issued by the U.S. Conference of Mayors that shows the revision of the tax exemption for municipal bonds would have affected 892,000 jobs and eliminated the labor income.
- Study: Restricting tax-exempt financing would hurt economy. // AHA News;10/25/2013, Vol. 49 Issue 21, p6
The article discusses the results of a study by the U.S. National Association of Health and Educational Facilities Finance Authorities (NAHEF-FA), which found that controlling tax exemption on municipal bonds can negatively affect the economy due to additional interest to be paid by organizations.
- Curbing, Not Ending, Tax-Exempts More Likely, BDA Says. Temple-West, Patrick // Bond Buyer;4/26/2011, Vol. 376 Issue 33506, p4
The article cites a report from the Bond Dealers of America (BDA) warning that calls for the elimination of tax-exempt interest would seriously disrupt the municipal bond market in the U.S.