Taxable Bond
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
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Tax Credit Bond
A Taxable Bond that provides a tax credit to the holder in lieu of tax-exempt interest.
Dive Deeper on Tax Issues
Learn more about how various aspects of tax law intersect with municipal securities.
See Also
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
Start with the Bond Basics
Hundreds of Terms and Concepts
Disclosure Counsel
An attorney or firm of attorneys engaged to assist with understanding and satisfying disclosure responsibilities of an Issuer, both in connection with primary offerings of bonds and in determining whether (and if so, how) to provide secondary market disclosure.