Record #:

33069

Author(s):

Peters, Phillip E.

Abstract:

Heralded as the most sweeping change in the nation’s tax laws in two decades, new tax-reform legislation will drastically curtail the ability of state and local governments to finance their activities through the traditional means of selling securities whose interest income is exempt from federal income taxes. Activity in the North Carolina market has not been consistent with national market activity. Tax-exempt municipal bonds remain an extremely attractive investment for individuals in North Carolina.

Source:

We the People of North Carolina (NoCar F 251 W4), Vol. 44 Issue 12, Dec 1986, p32-33, il, por

Subject(s):

Taxation--Laws and legislation; Taxation--Exemption from; Bonds