Tax credit bonds : overview and analysis / Steven Maguire, Library of Congress Congressional Research Service.

Format:

Book

Author/Creator:

Maguire, Steven, author.

Stupak, Jeffrey M., author.

Library of Congress Congressional Research Service, author.

Contributor:

Library of Congress Congressional Research Service, author.

Series:

Report / Congressional Research Service ; R40523

Language:

English

Subjects (All):

Bonds--United States.

Bonds.

Physical Description:

1 online resource

Updated irregularly

Edition:

[Library of Congress public edition].

Place of Publication:

Washington, District of Columbia : Congressional Research Service, Library of Congress, 2010.

Summary:

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.

Notes:

The CRS report home page provides access to all versions published since 2018 in accordance with P.L. 115-141; earliest version dated 2016.

Report includes bibliographical references.

Description based on print version record.

OCLC:

1102602781