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.
References in periodicals archive ?
Substantially all of the fund's assets (at least 90%) are invested in tax-exempt securities.
KTF seeks to provide high current income exempt from federal income tax by investing in a diversified portfolio of investment-grade tax-exempt securities. KSM aims at a high level of current income exempt from federal income tax.
Another bond issue is taxable or tax-exempt securities. Taxable bonds will create taxable income, and tax-free or tax sensitive bonds will typically produce income that is tax-free.
"Nongovernmental" money market funds include "prime" funds that invest primarily in corporate debt securities and also municipal and tax-exempt funds that invest in municipal bonds and other tax-exempt securities.
Keep in mind that the exemption does not apply to capital gains on the disposition (e.g., sale or call) of tax-exempt securities like municipal bonds.
Tax-Exempt Securities Ranking This Last Company Location Year Year 1 2 Siebert Brandford New York, NY Shank & Co.
This is accomplished by having the donor contribute an appreciated asset to a charitable remainder trust and take back an annuity or unitrust interest, then having the trust sell the asset and reinvest the proceeds in tax-exempt securities. Assuming there is no express or implied obligation on the trustee to sell the asset and reinvest in tax-exempt securities (Rev.
The bank collected nearly $88.6 million on tax-exempt securities during 2012.
Lewellyn (1922), which sustained the application of tax-exempt securities to federal estate tax; and Hale v.
It estimated the firm's year-end underwriting profits by means of a twice-yearly survey of the firm's various profit centers, and used the results to order the investment department to alter its mix of taxable and tax-exempt securities, to minimize the firm's estimated tax obligations.
His experience includes ten years in a securities pricing role, where he managed the development of a proprietary evaluation system for the pricing of over 3 million taxable and tax-exempt securities. Prior to his current role Greg spent seven years in a business development capacity focused on the development of solutions across all credit market needs.
Finally, holding tax-exempt securities in a tax-deferred account could mean you're accepting a lower return but getting no additional tax advantage.