TITLE

Managers See Little Effect From Florida's Intangibles Repeal

AUTHOR(S)
D'Ambrosio, Jill
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/31/2006, Vol. 356 Issue 32392, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the views of brokers and portfolio managers who deal in Florida debt regarding the effect of the repeal of intangible tax on the pricing of the state's bonds in Florida. They anticipate a minimal change in demand or of the state's bonds when the repeal of its standing intangibles tax comes into force. But certain experts suggest that certain aspects of the elimination of the tax may become crucial after some time. The phasing out of the tax was voted in April, 2006 by the Florida Senate. The industry sources speculate that the tax's repeal has been built into bond prices, which will have an effect on the tax also.
ACCESSION #
21080628

 

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