A tax benefit offered by certain bonds that qualify for exemption from both federal and state taxation. Municipal bonds, or munis as they are often called, are typically exempt from federal taxes and, depending on the state of issue, may also be exempt from state taxes, as well.
Related information about double exempt:
- Double Exempt Definition | Investopedia
The status accorded to municipal bonds for which interest is not subject to taxation at either the federal or state level. In general, most states do not tax residents ...
- What is double exempt? definition and meaning
Definition of double exempt: A tax benefit offered by certain bonds that qualify for exemption from both federal and state taxation. Municipal bonds, or munis as ...
- Double Exempt: Definition from Answers.com
descriptive of a municipal bond or other security exempt from federal and state income taxes. See also triple tax exempt.
- double-exempt fund - Financial Dictionary - The Free Dictionary
A mutual fund that limits its investments to tax-free bonds of issuers from a single state. Thus, a double-exempt fund pays investors residing in the same state as ...
- Roth & Company, P.C. - Iowa Bank Tax Guide
Double-Exempt Securities. The following is a listing of bonds issued by the State of Iowa and its political subdivisions, interest on which is exempt from both ...
- Municipal Bonds | MoneyHop.com
May 11, 2009 ... Are "double-exempt" bond funds better than "single-exempt" funds? ... Double- exempt bonds are issued by states or municipalities inside your ...
- Changes possible to 'fumigation' plan - The State Journal-Register
May 12, 2009 ... People without any protections, usually referred to as “double exempt” jobs in state jargon, can't appeal to the commission. Draper also said ...
- Wisconsin Double Tax Exempt Municipal Bond ... - HC Denison Co.
MADISON AL FED DOUBLE EXEMPT SEWER & WATER SERIES 2006-A 4.2500 281201. 558459RP0. MADISON WI DBL TAX-EXEMPT REV DEV AUTH BDS ...