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Tax Policy: Tax-Exempt Status of Certain Bonds Merits Reconsideration, and Apparent Noncompliance with Issuance Cost Limitations Should be Addressed
The outstanding amount of state and local gov’t. t

 
Our Price: $20.00
By Michael Brostek (au)
Year: 2008
Pages: 71
Binding Paperback

Product Code: 1437903177

Description
 
The outstanding amount of state and local govít. tax-exempt bonds has increased over the years. Congress is interested in whether the bonds are used for appropriate purposes since the fed. govít. forgoes billions in tax revenues annually by excluding the bondsí interest from investorsí fed. gross income. Questions also exist over the bondsí borrowing costs as they can divert funds from the funded projects. This  report: (1) describes recent trends in tax exempt bonds; (2) provides information on the types of facilities financed with tax-exempt bonds; and (3) discusses borrowing costs considering the methods of selling bonds and compares issuance costs paid from bond proceeds for governmental and qualified private activity bonds. Charts.

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