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Caplin & Drysdale: District of Columbia Alters Treatment of Municipal Bond Interest

By Beth Kaufman , Lucy Lee and Michael Pfeifer Effective January 1, 2012, the District of Columbia will no longer exempt the income on municipal bonds issued by all municipalities. Income from the following bonds will continue to be tax exempt for D.C. tax purposes: Bonds issued by the District...

Caplin & Drysdale: District of Columbia Alters Treatment of Municipal Bond Interest

By Beth Kaufman , Lucy Lee and Michael Pfeifer Effective January 1, 2012, the District of Columbia will no longer exempt the income on municipal bonds issued by all municipalities. Income from the following bonds will continue to be tax exempt for D.C. tax purposes: Bonds issued by the...