Municipal Bond Forum
Tax-free bonds for housing
Q
Charles Rangel, D-N.Y. has just introduced a housing bill that would permit tax-exempt bonds to be guaranteed by Federal Home Loan Banks and permanently exempt mortgage revenue bonds from the alternative minimum tax. How likely is it that the bill will be passed, and if passed what effect will it have on both existing municipal bonds and those that are issued in the future?
A
James A. Klotz responds:
Please see our article “House Considers Easing Rules On Issuing Tax-free Bonds.”
Start here.
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