Millage is the percentage of value of property that is used in calculating Taxes. A mill is defined as 1/10 of 1 percent and is multiplied by the assessed value after any exemptions have been subtracted to calculate the taxes.
Learn more about how various aspects of tax law intersect with municipal securities.
Expenditures for a project that can be financed with proceeds of bonds without obeying the federal income tax rules relating to reimbursements, up to a limit of 20% of the proceeds of the bonds to be issued to finance the project.
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