Sentences with phrase «tax bond sale»

Following the rating upgrades from Fitch and Moody's last week, the state announced it borrowed $ 1.2 billion through a personal income tax bond sale.

Not exact matches

The U.S. can borrow until Aug. 2 after reaching the US$ 14.29 - trillion limit because of «stronger - than - expected tax receipts» and «extraordinary measures» such as suspending the sale of bonds for state infrastructure projects, Geithner said in a letter to congressional leaders.

Investors in Puerto Rico's bonds argued in court Tuesday over which group has a claim on sales - tax revenue that could be used to recoup their money.

Also, once you sell a municipal bond, the proceeds from that sale may be subject to capital gains or other types of taxes.

Whether the profit from the sale of a bond in the fund is taxed at ordinary income tax rates or is eligible for a reduced capital gains rate is dependent on the same factors as explained above.

In addition, you may be subject to tax on amounts recognized in connection with the sale of municipal bonds, including capital gains and «market discount» taxed at ordinary income rates.

You may also be subject to tax on amounts recognized in connection with the sale of municipal bonds, including capital gains and «market discount» taxed at ordinary income rates.

Sale of capital assets such as property, gold, and bonds: in this case, the Capital Gains Tax is charged at the same rate as that of the investor's or the taxpayer's income tax slab raTax is charged at the same rate as that of the investor's or the taxpayer's income tax slab ratax slab rate.

The effect in either case would be to tax a few generations heavily, to buy securities that later will be sold in such large quantities as to lower their price, creating a chronic stock market depression (or bond - market slump) that raises interest rates — unless the central bank monetizes the sale.

Gains from the sale of these funds are taxed just like stock and bond ETFs: 23.8 % maximum long - term rate, 43.4 % maximum short - term rate (both rates for tax year 2013, subject to change next year).

If approved, the $ 19.4 million bond sale would increase school property taxes by about 2.2 percent.

«We have an opportunity, if voters in town agree with the referendum, to have new debt in place with a minimal impact to residents,» said Wilson, adding that with currently low interest rates, residents likely would see no tax increase during the first five years of the 15 - year bond sale and a minimal increase for the following 10 years.

The non referendum bonds needed to accomplish this project will be sold and will not raise taxes as these sales have been carefully planned for many years.

Park District officials have said they are uncertain how they can raise the necessary funds because the state «s mandated tax cap prohibits any non-referendum bond sales.

The money was raised through the sale of bonds and didn't require a referendum because the bonds came under the tax cap and no tax increase was needed, Durlacher said.

It appears that the only way the Park District can fund any of the options would be to ask voters» permission for a tax increase to support a bond sale.

Responding to concerns over the loss of open space, the Park District bought the property, funded by a tax increase in 2000 and an $ 11.5 million bond sale in 2002.

The state also threw in $ 108 million worth of subsidies, including $ 33.3 million in forgone sales taxes and income taxes on bond interest.

The legislature proposed floating an $ 80 or so million bond — whatever the exact amount of the deficit was ruled to be — which would be paid back over 10 years by the sales tax.

«Given the unique structure of the bonds, the State will realize the savings it is due over the next three state fiscal years through the adjustment of sales tax receipts otherwise payable to New York City,» reads the language in the governor's budget proposal unveiled last week.

The income and sales - tax bonds that are being sold Tuesday are rated AAA by S&P and Fitch and Aa1, the second - highest grade, by Moody's.

The city, benefiting from an economy that boosted sales and income tax collections 15 percent since fiscal 2014, on Tuesday is selling $ 1 billion of bonds backed by that revenue to pay for capital projects.

The concept of capturing city sales tax is based on how the state handled the savings realized from STARC bond refinancing.

Incentives include state and local sales tax exemption, mortgage recording tax exemption, tax exempt bond financing and a real property tax abatement program.

• So could the many other bills that need to be passed by tomorrow, including but not limited to: New York City's adjusted sales tax, which is needed to balance the city budget; a bill to renew federal support for special education; and a bill to allow the city to continue to sell bonds to raise money.

Not long afterwards there were comments by others about the deficit bond and the likely increase that would be needed in taxes to pay for that bond but that some believed that the sale of Summit Park would solve all of the County's problems which Day had stated could not be farther from the truth.

On Monday, Rockland County sent a delegation to Albany to ask for the authority to close its widening budget deficit by issuing bonds backed by a sales tax increase.

They also say the proposal does not tell voters that the bonds will be paid through higher local property taxes if sales tax revenues are insufficient.

While state officials would periodically chip in on capital costs from the 1950's to the mid-1990's by putting forth bonds and sales tax revenues every decade or so, according to Leanne Winner, director of governmental relations for the N.C. School Boards Association (NCSBA), the state generally adhered to its commitment of funding operations.

Rather than seek a bond issue and a property tax increase, the school district has teamed with the other districts in Summit County, Ohio, and the county council to propose a half - cent sales - tax hike.

In addition to the TIFIA credit assistance, the $ 2.722 billion project is funded with $ 715 million in toll revenue bonds, $ 74 million in toll receipts, $ 144 million in state and local sales tax deferrals, $ 547 million in state fuel taxes, $ 819 million in Direct GARVEE bonds, and $ 124 million federal formula funds.

In addition to the TIFIA loan, project funding sources include $ 111.5 million from city of Reno bond proceeds (backed by hotel room and sales taxes), $ 17 million from Union Pacific Railroad, $ 21.3 million in Federal grants, and $ 79.6 million in cash, interest earnings and other income.

In addition to the TIFIA loan, Phase 3 utilized $ 276.5 million in revenue bond proceeds and cash backed by 1.0 % sales tax and farebox revenues and $ 600,000 in Section 5307 funds.

Rating agencies look into the municipality's financial solvency including sales tax, property tax and investment revenue as well as other financial information and then rates the school bond issuance.

Do I need to invest the entire sale proceeds of 18 lakhs to Notified bonds or only the capital gain of 8 lakhs to avoid LTCG tax.

1) How to calculate the Shart Term / Long Term Capital Gain 2) How to save tax on such sale 3) What will be the best option if I am ready to hold it for next 5 - 6 months and not willing to invest the money in any Tax free bontax on such sale 3) What will be the best option if I am ready to hold it for next 5 - 6 months and not willing to invest the money in any Tax free bonTax free bonds.

They will either use property sales tax revenue or they will issue debt in the form of bonds.

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).

If the OID did not increase the holder's tax basis during the period the bond is outstanding, a sale of the bond for an amount in excess of $ 4,628 would produce taxable capital gain to the bondholder, even if the increase in value arose solely as a result of the accretion of OID.

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).

Accelerated Cost Recovery System (ACRS) Acceptance, Waiver, and Consent Procedure Account Guarantee Acknowledgment Accredited investor Accretion Accumulation period Accumulation units Acid test ratio ACRS Actively traded securities Additional bond test Additional takedown Adjustment bonds ADR Ad valorem taxes Advance / decline ratio Advertising Adviser's client account Affiliated Persons Affirmative defense Affirmative determination Agency sales ticket Agency transaction Agent Aggregate indebtedness Agreement among underwriters Agreement of limited partnership Aggregate exercise price Alpha All - or - none All - or - none underwriting Alternative minimum tax Alternative orders Alternative trading system American Depository Receipt American Stock Exchange (AMEX) American - style options AMTI Amortization Annual report Annuity Annuity units Anti-dilution clause AON Arbitrage Arbitration Asked price Asset Asset allocation Asset class Assignment Assistant Representative - Order Processing Associated persons ATS At - the - close order At - the - money At - the - opening order At - risk rule Auction market Auditor's report Automated Confirmation Transaction (ACT)

When a bond is sold, an investor may also recognize a capital loss if the sale proceeds (adjusted for selling costs) are less than the holder's tax basis.

This rule does not apply in the case of a tax - exempt bond in order to ensure that the full amount of OID is treated as tax - exempt interest to the holder and that the holder does not have an «artificial» gain on the sale of the bond.

Parity Parity price Participating preferred stock Participating (semi-fixed) Trusts Partnership Par value Passive income Pass - through security Payment date P / E ratio Penny stocks PHA Bonds Phantom income Pink sheets Placement Ratio Plan completion life insurance PN Point Portfolio income Position limits Positions book Pot Power of attorney Pre-dispute arbitration clause Preemptive right Preferred stock Preliminary prospectus Preliminary study Preliminary statement Premium Pre-refunding Pre-sale order Price to Earnings ratio Primary distribution Primary market Prime rate Principal Principal stockholder Principal transactions Private placement Private placement memorandum Private securities transaction Proceeds sale Production purchase program Profile Profit - sharing plans Program trading Progressive tax Project note Prospectus Prospectus delivery period Proxy Prudent Man Rule Public float value Public Housing Authority Bonds Public Offering Public offering price Purchaser's representative Put bond Put option Put spread

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.

As I understand it, capital gains from real estate sales in India can be shielded from income tax entirely if the proceeds of the sale are invested in certain specific types of bonds (Rural Highway Contruction Authority of India?)

-- Though the interest earned on these bonds is tax - free, any capital gain from sale in the secondary market is taxable.

Short - term capital gains from sale of tax - free bonds on exchanges are taxed at your income tax slab rate, while long - term capital gains are taxed at 10 % without indexation.

To comply with the IRS «wash sale» rule, which does not recognize a tax loss generated from the sale and repurchase within 30 days of the same or substantially identical security, investors should choose a bond from a different issuer.

the disclosure of certain enumerated events affecting a municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8) bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating changes; (12) failure to provide annual financial information as required; the MSRB, Electronic Municipal Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and education