Federal Taxation of Municipal Bonds, Third Edition
The NABL Library of Publications brings you Federal Taxation of Municipal
Federal Taxation of
remains the library of primary legal sources to have on your bookshelf. The set
comes complete with 12 looseleaf volumes, CD-ROM, deskbook, and a web-based
version. To ensure that you spend less time looking for the information you
need, and more time using it, the Third Edition includes the FTMB
Navigator - a companion guide containing a detailed Table of Contents,
Tables of Authorities, Popular Names Table, and a topical Index of all author
summaries contained in the multi-volume set.
Prepared and updated throughout the year by a team of experts from the
National Association of Bond Lawyers, this publication includes:
Complete texts of IRC
Sections relating to municipal bonds, including miscellaneous provisions on
marketability, reissuance, original issue discount, market discount, and IRS
practice and procedure.
The full statutory history
of every pertinent IRC Section, including year of enactment, 1954 Code version
(if any), and copies of the complete text of every subsequent amendment.
Full legislative histories
of all pertinent IRC Sections, including House, Senate, and Conference Reports,
as well as General Explanations (the Blue Book).
Summaries of related
primary law materials organized topically.
Complete text of all
current Treasury Regulations applicable to municipal bonds, as well as proposed
and withdrawn regulations. Also includes regulations governing state and local
government series (SLGS) securities and preambles from current regulations.
Complete text of pertinent
federal case law decisions involving municipal bonds and tax-exempt financing.
Complete text of all
applicable IRS Revenue Rulings, Revenue Procedures, Treasury Notices, General
Counsel Memoranda, and Technical Advice Memoranda.
Complete text of all
pertinent IRS Private Letter Rulings and Field Service Advice (more than 2,600
Copies of all key IRS and
Bureau of Public Debt forms.
Sample Chapter Synopsis
Each chapter provides comprehensive
summaries for relevant sections of the Internal Revenue Code.
CHAPTER 1 - SECTION 103 -
INTEREST ON STATE & LOCAL BONDS
1.01 INTERNAL REVENUE CODE
 Text of Statute - § 103 Interest on State and Local Bonds
 Statutory History
 Effective Dates, Transition Rules and Noncodified Provisions
 Prior Law - See 1954 Code in Volume 5
 Legislative History
1.02 OTHER INTERNAL
REVENUE CODE SECTIONS [Reserved]
§ 1.103-1 Interest Upon Obligations of a State, Territory, Etc.
§ 1.103-2 Dividends from Shares and Stock of Federal Agencies or
§ 1.103-3 Interest Upon Notes Secured by Mortgages Executed to Federal Agencies or
§ 1.103-4 Interest Upon United States Obligations.
§ 1.103-5 Treasury Bond Exemption in the Case of Trusts or Partnerships.
§ 1.103-6 Interest Upon United States Obligations in the Case of Nonresident
Aliens and Foreign Corporations, Not Engaged in Business in the United States.
 Qualification as a Political Subdivision
 On Behalf of Issuers - 63-20
 On Behalf of Issuers - 57-187
 On Behalf of Issuers - Other
 Nature of Obligation
 Nature of Payments as Interest
 Ownership of Bonds
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Pub Number: 22500
The National Association of Bond Lawyers exists to educate its members and others in the law relating to state and municipal bonds and other obligations, providing a forum for the exchange of ideas as to law and practice, improving the state of the art in the field, providing advice and comment at the federal, state and local levels with respect to legislation, regulations, rulings and other actions and providing advice and comment with regard to state and municipal obligations in proceedings before courts and administrative bodies through briefs and memoranda as a friend of the court or agency.
Federal Taxation of Municipal Bonds has earned its place as the gold standard for municipal bond research. The Third Edition twelve volume set contains the complete text of all relevant IRC sections, including full statutory and legislative histories, as well as the full text of all applicable regulations, proposed and withdrawn regulations, regulations governing state and local government series (SLGS), federal case law decisions, Revenue Rulings, Revenue Procedures, Treasury Notices, General Counsel Memoranda, and IRS and Bureau of Public Debt forms. The set is updated three times a year and includes:
-Twelve Volume Looseleaf Set
-CD-ROM & Website gives you electronic access to all the information in the looseleaf set, plus the full text of all cited Private Letter Rulings and Technical Advice Memoranda, and more.
-Deskbook gathers a selection of the most commonly used IRC sections and materials into one portable, softbound book.
-Navigator acts like a TOC and index to guide you to the information you need.