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Sunday, July 25, 2021

Court Upholds Tax Exemptions for Municipal Bonds

A longstanding practice by many states to tax the interest on out-of-state municipal bonds, but not the interest on their own, is not a case of unfair protectionism, the Supreme Court ruled on Monday.

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A longstanding practice by many states to tax the interest on out-of-state municipal bonds, but not the interest on their own, is not a case of unfair protectionism, the Supreme Court ruled on Monday.

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