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.


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Related

President Joe Biden (D) waves at the attendees during his State of the Union Address on March 7, 2024.
President Joe Biden (D) waves at the attendees during his State of the Union Address on March 7, 2024.
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Biden Releases FY2025 Budget

The FY2025 appropriations season has begun. Here’s a quick summary of what’s inside and what we’re tracking.

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An emerging tax deal in Congress could contain provisions of interest to the municipal market, including the “LIHTC Fix.”
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Emerging Tax Package in 2024

A potential deal to extend the CTC and fix the tax treatment of R&D expenses may also contain the “LIHTC Fix.”

U.S. Capitol during the holiday season.
U.S. Capitol during the holiday season.
  • News

A Busy December: What We’re Tracking

Congress may have punted its funding problems into next year, but members still face a long to-do list before this holiday season.

Aerial View of Chicago Lake Shore Dr at sunrise in Autumn – October 2019
  • Webinars
  • CLE Eligible

The Workshop 2023: Session Bundle

All recorded sessions from our 2023 annual conference held in Chicago, IL from October 18 – 22. [[Purchase or Registration Required]]

  • Webinars

Update from D.C. (October 2023)

An October 19, 2023 update on NABL’s recent advocacy efforts, a recap of recent legislative and regulatory activity that we are tracking, and some discussion on what may be in…

  • Webinars
  • CLE Eligible

Current Topics in Energy Finance

Review of current trends in energy finance, including a discussion by panelists of some of the priorities, objectives, and goals that are impacting the development and financing of energy and…

Hudson Yards Rail Yards

Start with the Bond Basics

Debt Service Reserve Fund

The fund established as a reserve for payment of debt service on revenue bonds in the event there is insufficient money to make a debt service payment.