Cost of Tax-Exempt Bonds Estimated at $33 Billion

Ferris, Craig T.
February 2003
Bond Buyer;2/4/2003, Vol. 343 Issue 31566, p5
Trade Publication
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 revenue loss in 2004; Expected cost of private-activity bonds in 2004; Significance of increase in short- and long-term revenue loss figures.


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