Single-state municipal bond fund

A mutual fund investing only in government obligations within a single state, with state tax-free dividends, but taxed capital gains.

Single State Municipal Bond Fund

In the United States, a mutual fund that invests exclusively in municipal bonds issued in a single state. The returns from such a fund are exempt from all federal taxes and all state taxes if the bondholder is a resident of that state. A single state municipal bond fund is attractive to locals and encourages them to invest in the fund. It is particularly important in states such as New York, with large populations, and states with high capital gains taxes, such as Oregon.

单词	single-state municipal bond fund
释义	Single-state municipal bond fund Single-state municipal bond fund A mutual fund investing only in government obligations within a single state, with state tax-free dividends, but taxed capital gains. Single State Municipal Bond Fund In the United States, a mutual fund that invests exclusively in municipal bonds issued in a single state. The returns from such a fund are exempt from all federal taxes and all state taxes if the bondholder is a resident of that state. A single state municipal bond fund is attractive to locals and encourages them to invest in the fund. It is particularly important in states such as New York, with large populations, and states with high capital gains taxes, such as Oregon.
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