Tax Credit Bonds: Overview and Analysis
Description:
Almost all state and local governments sell bonds to finance public projects and certain qualified private activities. Most of the bonds issued are tax-exempt bonds because the interest payments are not included in the bondholder's (purchaser's) federal taxable income. In contrast, Tax Credit Bonds (TCBs) are a type of bond that offers the holder a federal tax credit instead of interest. This report explains the tax credit mechanism and describes the market for the bonds.
Date:
July 29, 2010
Creator:
Maguire, Steven
Item Type:
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Partner:
UNT Libraries Government Documents Department