Sentences with phrase «exempt bonding authority»

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interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends; this income is generally not subject to regular federal income taxes; note that Fidelity reports this information to the IRS, and may be required to report the information to tax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as well

RIAs are eligible to participate in the Program if they represent to Fidelity Investments that they meet the following criteria: (1) RIA is an investment adviser registered and in good standing with the U.S. Securities and Exchange Commission and / or any applicable state securities regulatory authorities or is exempt from such registration; (2) RIA's representatives who provide services to referred clients are appropriately registered / licensed as «Investment Advisers Representatives» in required jurisdictions; (3) RIA charges fee - based, asset - based, or flat - rate investment advisory service fees (which may include hourly fees); (4) RIA will maintain a minimum of $ 350,000,000 in total regulatory assets under management, as reported in response to Item 5 in Part 1A of the RIA's Form ADV, throughout the duration of RIA's participation in the Program; (5) RIA and all associated persons of the RIA who manage client assets or who supervise such associated persons shall at all times be covered through both Errors and Omissions Liability Insurance and Fidelity Bond Coverage; and (6) RIA maintains a minimum of two principals or officers as well as a minimum of five employees.

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

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

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 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.

interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends; this income is generally not subject to regular federal income taxes; note that Fidelity reports this information to the IRS, and may be required to report the information to tax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as well

The Albany Housing Authority works to seek multiple sources of funding, including federal funds, tax exempt bonds, tax credits, state financing, and other forms of funding.

New Mexico legislators have decided (according to the Albuquerque Journal) to exempt wind generation equipment from NMís gross receipts tax in addition to providing the wind farm owner a $ 0.01 per kWh state income tax credit for the first 400,000,000 kWh of electricity produced during each of the first 10 years, and authority to use of industrial development bonds.

We have extensive, significant, and longstanding experience representing public agencies and authorities in using tax - exempt bond financing for economic and industrial development, residential rental housing, and not - for - profit organizations in municipalities across the Commonwealth as well as in other New England states.

The Albany Housing Authority works to seek multiple sources of funding, including federal funds, tax exempt bonds, tax credits, state financing, and other forms of funding.

To a certain extent, programs offering low - interest first mortgage financing are a specialty of state housing finance agencies, which use annual allocations of tax - exempt mortgage revenue bond authority or dedicated state funds to generate pools of mortgage money at bargain rates, generally about 1 percent to 2 percent below market rates.

The North Carolina Housing Finance Agency helps make home ownership affordable for first - time buyers by selling tax - exempt Mortgage Revenue Bonds and issuing Mortgage Credit Certificates (MCC) under federal authority.

The private debt was later combined with an offering of $ 1.1 billion in tax - exempt bonds, led by Goldman Sachs and issued through the New Jersey Sports and Exposition Authority.

Tax - exempt bonds: Single issuance of $ 24.9 million in multifamily private - activity, tax - exempt bonds from the South Carolina State Housing Finance and Development Authority.