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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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The Future of Tax-Exempt Bonds |
THE WALL STREET JOURNAL - Aug. 8, 2010 - By TOM HERMAN
Q: Please give me your best guess as to what will happen, if anything, with the tax-exempt status of municipal bonds in the coming years. Is there a chance, good or otherwise, that all tax-exempt bonds will lose their tax-free status?
—B.L., Glen Allen, Va.
A: Relax. The chances of that happening are "slim to none," replies Herbert E. Nass, a New York City lawyer.
I haven't heard of any significant discussion of this idea among members of Congress in many years. While the subject might come up again, perhaps as part of a major overhaul of the nation's tax system, Congress isn't likely to erase a tax provision that has so many influential backers.
"Tax-exempt financing has been a favored funding tool for states, municipalities and other entities for decades and has lots of supporters in Congress," says Michael Decker, managing director and co-head of the municipal-securities division of the Securities Industry and Financial Markets Association, or Sifma, a major trade group. "With an average of over $400 billion in issuance a year in the last five years alone, such an established and popular market for borrowers and investors is not likely to be eliminated."
About 6.4 million individual income-tax returns reported tax-exempt income for 2008, according to the Internal Revenue Service.
For the complete article visit THE WALL STREET JOURNAL
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