Tax-Exempt Bonds
A bond, the interest on which is excludable from gross income for federal income tax purposes.
bond-basics
Code (Internal Revenue)
The Internal Revenue Code of 1986, as amended and in effect on the date of issuance of the Bonds.
See Also
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
Special Tax Counsel
An attorney or firm of attorneys engaged to render opinions on the federal and/or state tax exemption for tax-exempt bonds and those aspects of the transaction relating to whether the tax-exempt bonds qualify for federal tax exemption and, in some cases, state tax exemption.
Start with the Bond Basics
Term of the Week
Securities Act of 1933
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.