TITLE

Puerto Rico's possible statehood could affect tax-exempt status

AUTHOR(S)
Kruger, Daniel
PUB. DATE
February 1998
SOURCE
Bond Buyer;02/24/98, Vol. 323 Issue 30337, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses the implications of Puerto Rico's possible statehood on the $1.02 billion transportation debt issue the Puerto Rico Highway & Transportation Authority. Concerns raised by buyers over the bonds' exemption from all state income taxes when Puerto Rico becomes a state; Analysts' assessment of the effect of the territory's statehood on the double tax-exempt debt already on the market.
ACCESSION #
290196

 

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