Public Finance Advisory: U.S. Supreme Court to Rule on Constitutionality of State Tax Statutes Favoring In-State Municipal Bonds


On May 21, 2007, the U.S. Supreme Court agreed to review the closely-watched case of Davis v. Kentucky Dep't Of Revenue of The Finance and Admin. Cabinet, 97 S.W.3d 557 (2006).

This Mintz Levin Alert offers a description of the case, the ramifications of the courts decision and the issues relating to potential taxation of previously issued bonds.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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