Sentences with phrase «exempt bond issued»

Let's say you had a tax - exempt bond issued in prior years that paid you 7 %.

Second, the tax bill may do away with 2 specific types of municipal bond issues: tax - exempt advance refundings, which are tax - exempt bonds issued to refinance existing municipal debt, and private activity bonds, which are issued by non-government borrowers such as hospitals, airports, and private universities.

If you're invested in a state - specific fund that invests in tax - exempt bonds issued by the state where you live, you may not owe state income tax on the interest either.

Suggestion: If you are subject to the AMT, invest in tax - exempt bonds issued before 2009 that are not private activity bonds.

In 1985, he ceased private practice and went to work as an Investment Banker with a mid-size Wall Street firm, handling tax - exempt bond issues, business development, public hearings, due diligence, and closings.

Not exact matches

In the past year, Canadian securities regulators have raised the bar for exempt - market dealers, requiring them to be registered and bonded, issue an offering memorandum with every deal and provide audited financial statements to investors annually, says Sand, who supports this new layer of assurance.

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 bond.

The difference between the issue price and the face value is treated as tax - exempt income rather than as capital gains if the bonds are held to maturity.

These final regulations affect State and local governments that issue tax - exempt bonds and other tax - advantaged bonds.

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

In these cases, the difference between the bond's issue price (the discounted rate) and its face value would be considered tax - exempt income rather than capital gains.

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 issued.

In 2011, Morgan Stanley helped the Whitney issue more than $ 125 million in tax exempt bonds — funding that was critical to the museum's reopening on May 1, 2015, in an iconic new structure that overlooks the Hudson River in the heart of a vibrant, renewed urban enclave.

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.

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 purposes.

Tax - exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects.

Puerto Rican debt is «triple exempt» from taxes: Bonds issued by the territory's government are exempt from state / territory - level, municipal, and federal taxation.

In some states, interest on bonds issued by that state, and the municipalities within it, are also exempt from that state's income taxes.

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.

The new tax law repeals the tax - exempt interest exclusion for advance refunding bonds, effective for advance refunding bonds issued after December 31, 2017.

One option to make the situation fairer for consumers is to raise the cash ISA limit to enable all other providers to offer tax exempt savings accounts for deposits of up to # 15,000, as was available in the NS&I's latest index - linked bond issue.

Wells Fargo, as the private construction lender for the project, issued a $ 72 million letter of credit to enhance the tax - exempt bonds, and made an $ 8.3 million construction loan.

Actual increases in tax collections imposed by districts may end up being more or less than 2 percent, depending on local factors such as bond issues to fund school reconstruction or repairs, which are exempt from the cap.

The authority uses its ability to issue tax - exempt bonds and leverage larger purchases from vendors to lower costs.

The tax - exempt federal bonds that will be issued by the ILDC will have a dramatic impact on our local economy.

The city's Industrial Development Agency issued $ 237 million in tax - exempt construction bonds to the owner, Bronx Parking Development, in 2007, but revenues have been far lower than expected since the stadium opened as fans have sought cheaper parking elsewhere or opted to take the train to games.

For example, revenue gained locally through new construction or voter - approved bond issues is exempted from the baseline cap.

At the state level, Colorado and Michigan now allow bond authorities to issue tax - exempt bonds on behalf of charter schools.

When the school reaches full enrollment, usually within four or five years, it can then issue tax - exempt bonds and buy the building from BCF.

The ruling by District Court Judge David E. Winslow held that the cash - management program, which allows school officials to issue tax - exempt bonds to cover anticipated budget shortfalls, does not violate the state constitution.

The New York City Economic Development Corporation had never been in the business of issuing tax exempt bonds for charter schools, but starting with the Bronx Charter School for Excellence and another school that was seeking funding at the same time, the public economic development entity became a major charter school funder in New York.

Lower Monthly Loan Payments Last year the U.S. Treasury Department granted states the authority to issue tax - exempt bonds to refinance student loans for residents or students attending college in their states and several have seized this opportunity.

The Parkway's development costs were funded through PPA - issued tax - exempt revenue bonds ($ 354M), a State Infrastructure Bank (SIB) loan ($ 18M), and Federal funding for roadway design ($ 9M).

DOT and SCTIB terminated the loan agreement so SCTIB could issue new tax - exempt bonds backed by the revenues pledged to the TIFIA loan.

The Parkway's total development costs were funded through tax - exempt revenue bonds ($ 354 million) issued by PPA, a State Infrastructure Bank loan ($ 18 million) and Federal funding for roadway design ($ 9 million).

Interest income generated by Treasury bonds and certain securities issued by U.S. territories, possessions, agencies, and instrumentalities is generally exempt from state income tax but is generally subject to federal income and alternative minimum taxes and may be subject to state alternative minimum taxes.

Income from bonds issued by the federal government and its agencies, including Treasury securities, is generally exempt from state and local taxes.

Sometimes a state that usually taxes interest on municipal bonds will exempt specific bonds at the time it issues them.

For example, if a $ 5,000 tax - exempt bond (issued at par on January 1, 2003) with a 20 - year maturity were purchased five years after its issuance (on January 1, 2008) at a price of $ 4,400, the market discount would be $ 600.

If a tax - exempt bond is originally issued at a price less than par (as distinguished from a subsequent sale of a previously - issued bond), the difference between the issue price of such bond and the amount payable at the maturity of the bond is considered «original issue discount» (OID).

How would market discount be calculated in the case of a tax - exempt bond that was originally issued at a discount?

In some states, interest on bonds issued by that state, and the municipalities within it, are also exempt from that state's income taxes.

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At the outset, it should be understood that the term «municipal bonds» is typically used to describe all tax - exempt bonds, whether or not they are actually issued by a municipality (as opposed to a state, county or other political subdivision).

For example, suppose an investor buys a tax - exempt bond — originally issued at par — in the secondary market at a price of 90 with ten years left until maturity.

The effect of this rule is that a taxpayer who purchases a tax - exempt bond subsequent to its original issuance at a price less than its stated redemption price at maturity (or, if issued with OID, at a price less than its accreted value), either because interest rates have risen or the obligor's credit has declined since the bond was issued, and who thereafter recognizes gain on the disposition of such bond will have part or all of the «gain» treated as ordinary income.

Tax - exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects.

«The big question for advisors with HNW clients is whether this cap on SALT deductions will significantly weaken the credit quality of bonds being issued as tax - exempt by local authorities,» says Jason Staley, an advisor at Pittsburgh - based Schneider Downs Wealth Management Advisors, which manages more than $ 1.3 billion.

Notably, interest received from munis is generally exempt from federal and, in many cases, may be exempt from state, and local income taxes, assuming the investor purchases bonds issued by his or her home state.