bond-basics

Tax Credit Bond

A Taxable Bond that provides a tax credit to the holder in lieu of tax-exempt interest.

Dive Deeper on Tax Issues

Learn more about how various aspects of tax law intersect with municipal securities.


See Also

Taxable Bond

A bond, the interest on which is not excludable from gross income for federal income tax purposes.

Hudson Yards Rail Yards

Start with the Bond Basics

Volume Cap

A requirement contained in Section 146 of the Code that private activity bonds (PAB) (with certain exceptions) issued as tax-exempt bonds obtain an allocation of volume cap from the state in which the project is located prior to the issuance of the bonds.