Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
bond-basics
Direct Pay Bond
A Taxable Bond that offers a federal Interest subsidy to the Issuer in lieu of the Interest being excludable from federal income tax.
Dive Deeper on Tax Issues
Learn more about how various aspects of tax law intersect with municipal securities.
See Also
Related
The Workshop 2025: Session Bundle
If you did not attend The Workshop 2025, you can purchase access to individual sessions or the complete bundle: 10 sessions and 11+ CLE hours.
One, Big, Beautiful Bill Act (H.R. 1)
In July 2025, Congress passed a large tax package to address the expirations of the Tax Cuts and Jobs Act (TCJA). Here’s what municipal market participants should know.
Requests for 2025-2026 IRS Priority Guidance
Requested items for inclusion on the Internal Revenue Service’s (IRS) 2025-2026 Priority Guidance Plan.
Protecting Tax-Exempt Municipal Bonds
Letter sent by the Public Finance Network (PFN), including NABL, to members of the 119th Congress in support of the tax exemption on municipal bonds.
Trump Admin Memo on Pausing Federal Funds
The Office of Management and Budget (OMB) recently released a memo instructing federal agencies to review existing federal financial assistance programs and temporarily pause certain funds.
The Workshop 2024: Session Bundle
If you did not attend The Workshop 2024, you can purchase access to individual sessions or the complete bundle: 10 sessions and 12+ CLE hours.
Start with the Bond Basics
Hundreds of Terms and Concepts
Offering Document
The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.