Sentences with phrase «of such bonds»

Although such bonds are commonly referred to as «tax - exempt,» there are numerous federal and state tax consequences associated with the acquisition, ownership, and disposition of such bonds.

An unlikely relationship begins, marked by all the familiar ups and downs of such bonds.

According to the report by the Education Commission of the States, 12 states — Colorado, Connecticut, Delaware, Illinois, Iowa, Kentucky, Missouri, North Carolina, North Dakota, Rhode Island, Virginia, and Washington — have authorized the sale of such bonds as a way of helping parents save for their children's college education.

The law limits the total amount of such bonds to $ 15 billion and directs the Secretary of Transportation to allocate this amount among qualified facilities.

Most of us remember having had more friends as children than we have as adults — or at least we were conscious of such bonds» meaning more to us then.

«We request that you oppose any new requirements that would delay the issuance of bonds for affordable housing purposes, especially where the sate has no credit risk such as with local issuances of such bonds,» New York State Association For Affordable Housing president Jolie Milstein said at the Albany hearing on Monday.

The most prominent form of such bonding is the peculiarly Dutch phenomenon of the Dagje Uit (Day Out).

This is because large institutional investors will often pick up millions of dollars of such bonds, so the extra decimal places will matter to them.

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).

To avail of capital gain exemption, the bonds so acquired can not be transferred or converted into money or any loan or advance can be taken on security of such bond within 3 years from date of acquisition else, the benefit would be withdrawn

BABs are only for governmental activity not private activity bonds, that is, the proceeds of such bonds can not be used by for - profit or not - for - profit organizations.

Thus, if a holder bought a market discount bond in the secondary market prior to May 1, 1993, any gain realized on the eventual sale of such bond would be treated as capital gain, not ordinary income, whether or not the gain was attributable to accrued market discount.

The state tax exemption for interest on in - state bonds will not necessarily extend to capital gain resulting from the sale or disposition of such bonds (or ordinary income resulting from the application of the market discount rules).

For example, the indenture might state «the conversion rate for the Series A Bond is 645.5487 shares of Common Stock per $ 1000.00 principal amount of such bonds».

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.

Even though the interest paid on a municipal bond is tax - exempt, a holder can recognize gain or loss that is subject to federal income tax on the sale of such a bond, just as in the case of a taxable bond.

If a person invest 5 Lakh in one of such bond and another 6 Lakh in another bond (total of 11 Lakh in one financial year) will be treated as high net worth individual OR it is only treated if a person invest more than 10 Lakh one such scheme.