bond-basics

Useful Life

An accounting estimate of the number of years it is likely for an asset to remain in service for the purpose of cost-effective revenue generation. The Internal Revenue Service (IRS) employs Useful Life for various purposes applicable to Tax-Exempt Bonds.

Hudson Yards Rail Yards

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Alternative Minimum Tax (“AMT”)

An additional income tax under the code that applies in certain instances for individuals and in a different way to certain large corporations.