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Supreme Court upholds tax breaks for municipal bonds.

Publication: Nation's Cities Weekly
Publication Date: 26-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Last Monday, the U.S. Supreme Court upheld the preferential tax break that 42 states give their residents who invest in bonds issued by those states and their municipalities. The ruling came as a relief to the $2.6 trillion municipal bond market, a primary vehicle that state and local rely to...

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...governments upon raise funds to finance public projects.

Voting 7-2, the justices rejected the argument that a...

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