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Supreme Court Upholds State Municipal Bond Exemption
submitted by savio2791
The Supreme Court rescued the municipal bond market from major disruption Monday by upholding the power of states to give preferential tax treatment to residents who hold bonds from their own states and localities. The Court rejected the claim that by exempting the interest on in-state bonds from taxation while taxing interest on out-of-state bonds, Kentucky was violating the Constitution's Commer

 
Topic:Law




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