Tax-exempt sector

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 ?
GSH has made a strategic decision to become a national leader in the tax-exempt sector, and I'm looking forward to helping it achieve that goal.
It was like a skunk at a garden party, and to a large segment of the tax-exempt sector, the testimony at this summer's congressional hearing had to have been odiferous.
Simmons is recognized as “highly recommended for tax advice in charitable gift planning and tax-exempt sector.
The form, which had not been significantly redesigned for more than 40 years, needed an overhaul to reflect the drastic changes in the tax-exempt sector and to capture the reporting of community benefits by tax-exempt hospitals.
The challenge is to encourage good governance and best practices and so preserve confidence in the tax-exempt sector without imposing regulations that inhibit religious freedom or are functionally ineffective," Grassley said in a statement Jan.
The tax-exempt sector has faced increased scrutiny in recent years as it has grown in size and complexity.
As part of its continuing oversight of the tax-exempt sector, the House Committee on Ways and Means asked GAO to address (1) the historical basis for the tax-exempt status of credit unions; (2) the arguments for and against taxation, including estimates of potential revenue from eliminating the exemption; (3) the extent to which credit unions offer services distinct from those offered by banks of comparable size, and serve low-and moderate-income individuals; and (4) the extent to which credit unions are required to report information on executive compensation and assessments of their internal controls.
An obvious place to look for additional revenue is the tax-exempt sector.
There is collective strength in the tax-exempt sector and it is more than time for community organizations to tighten the connection with constituents and ignite conversations.
She noted that the tax-exempt sector is as highly specialized as any other field of law and that it is facing more regulation.
Simmons is "highly recommended for tax advice in charitable gift planning and tax-exempt sector.
The tax-exempt sector, on the other hand, has had extensive experience with similar reporting requirements for many years, and the disclosure requirements are still evolving.