The biggest tax savings occur when a person who lives in a high - tax state, such as New York or California, buys shares of a fund that owns
bonds issued in that state.
That's because in addition to the federal tax exemption, you typically get a state tax exemption on
bonds issued in the state where you live, notes Dale Yahnke, of financial advisory firm Dowling & Yahnke.
- If you have a lot of cash, buy tax - free municipal bonds (
bonds issued in the state you live or in a state that has no income tax).
Not exact matches
In certain cases, unscrupulous politicians from the north took over southern
state governments during Reconstruction,
issued bonds and made off with the proceeds.
On Monday, the
state planner
issued new rules for companies which are planning to
issue bonds to put more pressure on debt - laden local governments to get their finances
in order.
Tax exemptions
In general, the interest you earn from your tax - exempt municipal securities is exempt from federal income tax and in some cases, state or local income tax, depending on whether you are a resident of the state that issued the bon
In general, the interest you earn from your tax - exempt municipal securities is exempt from federal income tax and
in some cases, state or local income tax, depending on whether you are a resident of the state that issued the bon
in some cases,
state or local income tax, depending on whether you are a resident of the
state that
issued the
bond.
[105] On January 8, 2008, to address ongoing structural budget
issues, Governor Corzine proposed a four - part proposal including an overall reduction
in spending, a constitutional amendment to require more voter approval for
state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in
state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden
State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in
State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell
bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning
in 2010.
In addition to providing a source of income and diversification, the interest income on municipal bonds generally is exempt from federal income tax and may also be exempt from state and local taxes for residents in the state where the bond is issue
In addition to providing a source of income and diversification, the interest income on municipal
bonds generally is exempt from federal income tax and may also be exempt from
state and local taxes for residents
in the state where the bond is issue
in the
state where the
bond is
issued.
Municipal
bond funds invest
in municipal
bonds issued by various
state and local governments.
This is, however, still below the comparable figures
in the United
States, where 70 per cent of corporate
bonds on
issue are rated below A +.
Interest income generated by municipal
bonds is generally not subject to federal taxes, and may be tax - exempt at the
state and local level as well, if the
bonds were
issued by the
state in which you live.
Invest
in municipal
bonds issued by various
state and local governments.
During the Renaissance
in the 12th and 13th centuries, Venice and other city —
states in Italy began
issuing bonds as a way to raise money for wars and other ventures.
«Utilizing Green
Bonds is a win - win,» says Vermont
State Treasurer, Beth Pearce,
in a press release
issued in October.
Among those it put on a negative credit watch
in mid-July were some
bond issues by Fannie Mae and Freddie Mac, a few insurance companies, 604 structured finance transactions that totaled $ 373 billion when
issued and some municipal debt backed by the United
States.
These
bonds are usually exempt from federal taxes, and may also be exempt from
state and local taxes, especially if the investor lives
in the
state where the
bond is
issued.
The Municipal Securities Rulemaking Board (MSRB) writes investor protection rules and other rules regulating broker - dealers and banks
in the United
States municipal securities market, including tax - exempt and taxable municipal bonds, municipal notes, and other securities issued by states, cities, and counties or their agencies to help finance public projects or for other public policy pur
States municipal securities market, including tax - exempt and taxable municipal
bonds, municipal notes, and other securities
issued by
states, cities, and counties or their agencies to help finance public projects or for other public policy pur
states, cities, and counties or their agencies to help finance public projects or for other public policy purposes.
Goldman Sachs defended its action, saying it bought the
bonds —
issued in 2014 by
state - run oil company PDVSA — with the hope that life
in Venezuela will improve.
In some
states, interest on
bonds issued by that
state, and the municipalities within it, are also exempt from that
state's income taxes.
Global
bond funds invest
in a wide variety of
bonds issued by various public and private entities around the world, including sovereign governments, international agencies,
state and local authorities, and private corporations.
Municipal
bonds are
issued by
state and local governments
in the US as well as other public authorities, such as school districts.
In addition, if you buy municipal
bonds issued by the place where you live, those
bonds are exempt from
state and local income taxes as well.
Municipal
bond interest is also often tax - free at the
state level if you invest
in a
bond that's
issued in the same
state in which you reside.
Municipal
Bond Funds invest primarily
in municipal
bonds which are debt
issued by
state governments, local governments, and government agencies such as a port authority or water board.
She also said that the Park District, along with other park districts
in Illinois, lost its authority to
issue non-referendum
bonds due to tax cap legislation approved by the
state legislature
in the early 1990s.
The Park District on Thursday night delayed
issuing $ 1 million
in bonds until it sees clearly the effect of a Cook County tax cap anticipated from the
state legislature.
Ken Ofori - Attah,
in responding to the
issue in Parliament,
stated that the issuance was transparent and was done
in accordance with the laid down procedures governing the issuance of
bond and government securities
in the country, adding that there was no conflict of interest, as he «had no direct dealings with the investors» as alleged by the minority
in Parliament.
There are three ballot propositions going before voters statewide
in November: A proposed constitutional amendment to establish a redistricting commission (with members to be appointed by legislative leaders), a constitutional amendment to permit electronic distribution to
state legislators of pending bills, and a $ 2 billion school
bond issue.
Although the budget also provides $ 100 million to the MTA's capital program from redirected economic development funds, it also proposes using $ 165 million of Metropolitan Mass Transportation Operating Assistance Account funds to pay debt services on
State bonds previously
issued for the MTA capital program that otherwise would be paid from the General Fund and transferring $ 35 million
in MMTOA funds to the General Fund.
Antonacci opposes the first and third propositions, the redistricting commission and school
bond issue, but supports the second proposition allowing electronic bills
in place of paper bills
in the
state legislature.
, the Albany Business Review (ABR) identified a dozen tenants, including
state agencies, at the $ 191 million, 350,000 - square - foot ZEN building, which was financed
in part by multimillion dollar
bonds issued on FRMC's behalf by the Albany County Capital Resource Corporation.
CORRECTION
In the January 19 issue, in the article «Legislators Ask for $ 80 Million Deficit Bond...» the Rockland County Times incorrectly reported that Al Samuels, president and CEO of the RBA, said he was planning to call on the state comptroller to install a control board to oversee county finance
In the January 19
issue,
in the article «Legislators Ask for $ 80 Million Deficit Bond...» the Rockland County Times incorrectly reported that Al Samuels, president and CEO of the RBA, said he was planning to call on the state comptroller to install a control board to oversee county finance
in the article «Legislators Ask for $ 80 Million Deficit
Bond...» the Rockland County Times incorrectly reported that Al Samuels, president and CEO of the RBA, said he was planning to call on the
state comptroller to install a control board to oversee county finances.
We support authorizing the
State to
issue an additional $ 100M
in bonds to provide funding for the
State Superfund Program.
«So, while we support the governor's initiatives for Universal Pre-K, STEM scholarships and a
bond issue to fund technology
in our schools, we must ensure that
state staffing levels are at a place for the implementation of these initiatives.
This is contained
in a statement
issued in Ilorin, where the
state government condemned a claim by the
state publicity secretary of the PDP, Mr. Rex Olawoye, that it has taken up to five
bonds in the last five years.
DiNapoli also suggested a separate constitutional amendment to ban public authorities and other entities from
issuing state - funded debt, allow
bond acts to be considered by voters
in the same year and require all
state - funded debt to be
issued by the
state comptroller after it's approved by voters.
Schools
in Albany, Averill Park, Queensbury and Galway on Wednesday were among the first
in the
state to be awarded part of a $ 2 billion pool for technology upgrades funded by a 2014
bond issue.
ALBANY — The New York
State Thruway Authority voted to provide $ 750 million
in a one - time cash windfall to keep construction of the Tappan Zee Bridge replacement going for another year, avoiding the need to
issue bonds for the ongoing, $ 3.9 billion project
in 2015.
Authorize the
State to
issue an additional $ 100M
in bonds to provide funding for the
State Superfund Program.
Should TSFC decide to
issue the Refunding
Bonds in the expected approximate amount of $ 975 million, the issuance and the timing are subject to certain conditions, including but not limited to relevant financial considerations, and to the approval by the New York
State Comptroller and by the Director of the Budget of the
State of New York.
Executive Budget The budget would authorize the
State to
issue an additional $ 100M
in bonds to provide funding for the
State Superfund Program.
For one, he vowed to veto any budget that includes deficit financing — singling out both Lt. Gov. Richard Ravitch's borrowing scheme and a gimmick fronted by Senate Democratic leader John Sampson to refinance
bonds issued in anticipation of income from the
state's tobacco - lawsuit settlement.
In 2009, Oneida County was the first municipality in New York State to issue Build America Bonds (BAB's) and Recovery Zone Economic Development Bonds (RZEDB's) to finance infrastructure project
In 2009, Oneida County was the first municipality
in New York State to issue Build America Bonds (BAB's) and Recovery Zone Economic Development Bonds (RZEDB's) to finance infrastructure project
in New York
State to
issue Build America
Bonds (BAB's) and Recovery Zone Economic Development
Bonds (RZEDB's) to finance infrastructure projects.
Mr. Ravitch's financial plan would impose tough accounting standards on
state budgets, allow the
state to
issue $ 2 billion a year
in bonds to help close budget gaps, and give the governor the power to make unilateral cuts when spending and revenues fall out of whack.
Since taking office
in 2011, Cuomo has increasingly used authorities to
issue bonds for various
state projects.
«It has again affirmed its peerless credit reputation
in tricky market conditions right at the end of the year to
issue the only
bond by a
state in Nigeria,
in 2016.
In the January 19 issue, in the article «Legislators Ask for $ 80 Million Deficit Bond...» the Rockland County Times incorrectly reported that Al Samuels, president and CEO of the RBA, said he was planning to call on the state comptroller to install a control board to oversee county finance
In the January 19
issue,
in the article «Legislators Ask for $ 80 Million Deficit Bond...» the Rockland County Times incorrectly reported that Al Samuels, president and CEO of the RBA, said he was planning to call on the state comptroller to install a control board to oversee county finance
in the article «Legislators Ask for $ 80 Million Deficit
Bond...» the Rockland County Times incorrectly reported that Al Samuels, president and CEO of the RBA, said he was planning to call on the
state comptroller to install a control board to oversee county finances.
A 2004 Common Cause report found almost 30 percent of the Liberty
Bonds, designed to spur residential construction after the Sept. 11, 2001, attacks,
issued in New York
State were claimed by Litwin.
Topics
in the Q&A included the source of money for the City's planned pre-K advertising campaign, the City's target number of pre-K applicants, whether Speaker Silver thinks the proposed income tax surcharge should be pursued next year, how the pre-K selection process will work, how the City will cover the approximately $ 40 million annual gap between the estimated cost of pre-K and the amount provided
in the
state budget, when parents will learn whether their pre-K application has been accepted, how the City will collect data and measure success of the pre-K program, whether the existing pre-K application process will be changed, how the City will use money from the anticipated school
bond issue, the mayor's reaction to a 2nd Circuit ruling that City may bar religious groups from renting after - hours space
in public schools, the status on a proposed restaurant
in Union Square, a tax break included
in the
state budget that provides millions of dollars to a Bronx condominium project, the «shop & frisk» meeting today between the Rev. Al Sharpton and Police Commissioner Bratton and a pending HPD case against a Brooklyn landlord.
But less than a month after the July contributions, a two - page memo went from Cuomo's Division of the Budget to the
state's Dormitory Authority, which
issues debt on behalf of schools and hospitals that have less experience (and scale)
in the municipal
bond market.