Tax-exempt sector

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Tax-exempt sector

The municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes.

Tax-Exempt Sector

The market for investments exempt from federal taxes. All, or nearly all, investments in the tax-exempt sector are municipal bonds. This is because U.S. law forbids the federal government from taxing debt issues made by state and local government bodies.
References in periodicals archive ?
s Fixed Income Capital Markets Group provides public finance investment banking and advisory services and fixed income sales and trading in both taxable and tax-exempt sectors to clients across the United States.
Davidson's Fixed Income Capital Markets Group provides public finance banking and advisory services and fixed income sales and trading in both taxable and tax-exempt sectors to clients across the United States.
s Fixed Income Capital Markets Group provides public finance banking and advisory services, fixed income sales and trading in both taxable and tax-exempt sectors.
s Fixed Income Capital Markets Group provides public finance banking and advisory services, and fixed income sales and trading in both taxable and tax-exempt sectors.
This transaction is consistent with Columbia's rationalization of investment vehicles and products offered in the cash, taxable, and tax-exempt sectors.