De minimis, school bonds: Clinton trots out a loser and a possible winner

Ferris, Craig T.
February 1998
Bond Buyer;02/09/98, Vol. 323 Issue 30327, p25
Trade Publication
Opinion. Expresses concern about the possible repeal of de minimis exemption of corporate holdings of tax-exempt bonds such as school bonds in the United States. Restriction of pro rata disallowance of tax exempt interest expense to financial intermediaries; Provision of federal tax credits to trigger the issuance of taxable bond.


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