While changes to the SALT deduction could increase demand for
munis from investors in high-tax states searching for tax-deductible investments, many taxpayers may no longer need the deduction because they won't be itemizing deductions due to the doubling of the personal tax deduction, included in both the House and Senate bills.
Munis will help the town streamline workflows by leveraging
Munis' integrated financial and utility management applications to create more efficient processes.
Even though a
muni might be tax-exempt at issue, investors trading
munis in secondary markets may be taxed on their investment in this bond.
As of the end of June, he noted, the spread between investment-grade corporate debt and
munis, as measured by Bank of America/Merrill Lynch Bond Indices, stood at only 39 basis points.
Munis may not yield more than Treasuries for much longer.
The Village of Bensenville, Illinois has a population of around 20,700 and has contracted for Tyler to supply the
MUNIS applications as a Software as a Service solution, with Tyler hosting and managing the applications at a secure facility.
If you were to hold a
muni bond in an IRA, you would be accepting that lower yield without getting the
muni-bond tax advantage, since taxes on investment income in an IRA are already deferred until you withdraw money from your account, perhaps many years from now.
A plan that involves new, large issues of municipal bonds would likely damage the market by flooding it with more supply, but a plan involving tax credits for private companies, which has been suggested by Trump, may not necessarily be positive for
munis.
After a competitive review, San Juan County chose to partner with Tyler Technologies, which has implemented
Munis in several New Mexico jurisdictions.
Treasury bonds and
munis pass muster, thanks to yields of 5% or so.
