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Tax exempt bond |
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Tax exempt bondA bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax.Tax exempt bond Similar MatchesTax exempt money market fundTax exempt money market fundA money market fund that invests in short-term tax-exempt municipal securities. Tax Exempt Special Savings AccountTax Exempt Special Savings AccountA five year tax free savings scheme for people aged 18 and over, introduced by the government in January 1991 and operated by banks and building societies, but terminated in 1999.The maximum amount which could be paid into such schemes over the five year life of the TESSA was £9,000 according to the following schedule:1st year, £3,0002nd year, £1,8003rd year, £1,8004th year, £1,8005th year £600TESSAs were discontinued on 5th April 1999 although those taken out before then are allowed to run their full five year term. If you own a TESSA, you can do three things with it when it matures:You can withdraw the interest and capital free of tax, and either spend it or invest it elsewhere.You can move the capital into a 'Matured TESSA Account'. The interest earned in the account after the maturity date will be taxable.You can move the capital (but not the income) into an ISA account where it can continue to grow tax free. It can either be paid into a special Tessa-only ISA account (a TOISA) or it can be paid into a cash only mini ISA. The move has to be made within 6 months of the maturity of the TESSA. Exempt securitiesExempt securitiesInstruments exempt from the registration requirements of the Securities Act of 1933 or the margin requirements of the SEC Act of 1934. Such securities include government bonds, agencies, munis, commercial paper, and private placements. Personal exemptionPersonal exemptionAmount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation. Tax exempt securityTax exempt securityAn obligation whose interest is tax-exempt, often called a municipal bond, offered by a country, state, town, or any political district. Further SuggestionsTriple tax exemptTax exempt sector Tax exempt income fund annual exemption Tax exempt income personal exemption Short exempt potentially exempt transfer Short term tax exempts Exemption Industrial Tax Exemption exemption Small issues exemption |
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