The ABCs of Arbitrage 2025 Edition: Tax Rules for Investment of Bond Proceeds by Municipalities

Tax-exempt bonds finance the majority of the nation's infrastructure. The interest payments on tax-exempt bonds are exempt from federal income tax if certain federal tax requirements are met. Interest on bonds will not be tax-exempt if the bonds are arbitrage bonds. This book explains the complex federal tax rules that are applicable to tax-exempt bonds and the limits on when and how much arbitrage can be earned and retained by an issuer.

Author: Kim Betterton
Binding Type: Paperback
Publisher: American Bar Association
Published: 10/28/2025
Pages: 302
Weight: 0.9lbs
Size: 8.90h x 6.00w x 0.80d
ISBN: 9781639056941