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Triple Tax-Exempt

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Triple tax-exempt
Municipal bonds featuring federal, state, and local tax-free interest payments.
Triple Tax-Exempt
Describing a municipal bond that is exempt from federal, state, and local taxes. The United States Constitution forbids the federal government from taxing any state and local bonds. Most states and municipalities offer tax exemptions for residents who invest in their bonds; thus, to be eligible for triple-tax-free status, a bondholder must be resident in the municipality and/or state issuing the bond. Triple-tax exempt bonds almost always offer low returns, exposing bondholders to inflation risk. See also: After-Tax Basis.
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In an attempt to provide funding for real estate projects that have been put on hold for lack of capital, the city announced that it has received federal approval to issue $200 million in triple tax-exempt bonds for commercial development.
CRE gets a $200M tax incentive by Geiger, Daniel / Real Estate Weekly
From DDDB, which claims the rules do not apply to Atlantic Yards: The IRS today issued a long awaited decision on the regulation of triple tax-exempt bonds.
IRS Gives Thumbs Up to Tax-Free Bonds for Yankees, Mets, Nets ... by Eliot Brown / The New York Observer
The same principle holds if you buy individual municipal bonds--local bonds may have double or triple tax-exempt status, while out-of-state bonds are subject to state and local income tax.
Capital gains without tax pain by Korn, Donald Jay / Black Enterprise
 
 
 
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