TITLE

Cost of Tax-Exempt Bonds Estimated at $33 Billion

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
February 2003
SOURCE
Bond Buyer;2/4/2003, Vol. 343 Issue 31566, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9114553

 

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