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.
Tracking Tax Reform in 2025
Congress is focused on addressing the pending expirations of the Tax Cuts and Jobs Act (TCJA) prior to the end of this calendar year. Here’s where things stand and what…
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
Original Issue Discount (“OID”)
The amount by which the par value of a bond exceeds its issue price.