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Rating:Is It the End of the World as We Know It For Muni-Bond Funds?
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Monday, October 29, 2007

Is It the End of the World as We Know It For Muni-Bond Funds?

by: Neil Anderson, Managing Editor

Next week the Supreme Court will hear a case that could end the preferential tax treatment of municipal bonds. Bloomberg's Greg Stohr and Jeremy R. Cooke report that, on November 5, the justices will listen to a case about whether or not Kentucky's taxes on out-of-state (but not in-state) bonds violates the Constitution. (Article I, Section 10 states that, "No state shall, without the consent of the Congress, lay any imports or duties on imports ...") 

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