You may have heard recently about proposals for Congress to remove the exclusion from gross income of interest on state and local bonds, usually referred to as “repealing the tax exemption on municipal bonds.” This issue...more
3/12/2025
/ Exclusions ,
Federal Budget ,
Interest Payments ,
IRS ,
Municipal Bonds ,
State and Local Government ,
Tax Code ,
Tax Exemptions ,
Tax Reform ,
Taxation ,
U.S. Treasury
On Friday March 27, 2020, President Trump signed Senate Bill 3548, the Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act,” into law. While states and their political subdivisions remain hopeful that future...more