For which type of bonds,interest is exempt from state income taxes?
A)Corporate bonds
B)U.S.Treasury bonds
C)Junk bonds
D)Financial institution bonds

Name: For which type of bonds,interest is exempt from state income taxes? A)Corporate bonds B)U.S.Treasury bonds C)Junk bonds D)Financial institution bonds
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Question

Quizplus · Accepted Answer

Interest on U.S. Treasury bonds is exempt from state and local income taxes, making them a tax-efficient investment for residents in states with income tax.

For Which Type of Bonds,interest Is Exempt from State Income