Most U.S.municipal bonds are serial issues which are subject to state and local taxes when they are issued in the investor's home state.

Name: Most U.S.municipal bonds are serial issues which are subject to state and local taxes when they are issued in the investor's home state.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Municipal bonds are generally exempt from federal taxes, and if issued in the investor's home state, they are often exempt from state and local taxes as well.

Most USMunicipal Bonds Are Serial Issues Which Are Subject to State