Exemption of taxes on municipal bonds either at the state or local level. This exemption applies only when the obligation is purchased by a state resident. Out-of-state bonds will still be taxed.
Related information about double tax-exemption:
- What is double tax-exemption? definition and meaning
Definition of double tax-exemption: Exemption of taxes on municipal bonds either at the state or local level. This exemption applies only when the obligation is ...
- What is exemption? definition and meaning
intrastate exemption · exemption trust · double tax-exemption · over-55 home sale exemption · tax exemption · small issues exemption · hedge exemption ...
- Municipal Bonds: State Tax Exemption Hangs in the Balance | Firm ...
According to a recent article in CNNMoney.com, the effect of the double tax exemption is to reduce the state's borrowing costs by anywhere from 10 to 25 basis ...
- UK Double Tax Agreements | eHow.com
As illustrated by the extensive list, few countries lack a double tax treaty or some form of double tax exemption with UK. Once you have determined eligibility, ...
- The Smart Way to Buy Tax-Exempt Bonds - Forbes
Jan 6, 2012 ... If you live in California or New York you will be tempted to buy only home-state bonds in order to get a double tax exemption. Resist the ...
- The Benefits Of A Tax Free Income Fund - Financial Web
The double tax exemption is a part of bonds because they are issued locally for public improvement projects. This means that the investor is being given a tax ...
- Weighing The Tax Benefits Of Municipal Securities
Feb 27, 2010 ... If the investor receives this double tax exemption, he or she uses a revised version of the above formula to calculate the equivalent taxable rate: ...
- Zero Coupon Municipal Bonds Glossary
... that are exempt from state and local taxes, or state, local and federal income taxes are said to have double tax-exemption, or triple tax-exemption, respectively .