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How the New ‘Fiscal Cliff’ Law Affects the Municipal Bond Market

The American Taxpayer Relief Act of 2012 (the Act), passed by the Senate and the House and Representatives on New Year’s Day and signed by the President on January 2, 2013, includes several direct and indirect consequences...more

Will Muni Tax Exemption Fall Off Fiscal Cliff?

With the fiscal cliff looming ever closer, recent talk in Washington, D.C., suggests both parties are seriously considering limiting the benefits of the federal exclusion from gross income for interest income earned on...more

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