double-exempt fund

A mutual fund that limits its investments to tax-free bonds of issuers from a single state. Thus, a double-exempt fund pays investors residing in the same state as the issuers of the bonds with income free of federal and state income taxes. Double-exempt funds have been particularly popular in the populous, high-tax states of California and New York. If an investor lives in a city with an income tax, these funds are exempt from three taxes. Also called single state municipal bond fund. See also triple tax exempt.

单词	double-exempt fund
释义	double-exempt fund double-exempt fund A mutual fund that limits its investments to tax-free bonds of issuers from a single state. Thus, a double-exempt fund pays investors residing in the same state as the issuers of the bonds with income free of federal and state income taxes. Double-exempt funds have been particularly popular in the populous, high-tax states of California and New York. If an investor lives in a city with an income tax, these funds are exempt from three taxes. Also called single state municipal bond fund. See also triple tax exempt.
随便看	port city java port clinton tennis association portcluse port colborne port colborne harbour railway port colborne, ontario port columbus international airport port community motorcycle club port community system port complex port (computer software) port concentrator shelf port concentrator switch port concentrator unit port configuration automation port configuration hub port congestion surcharge port connection manager port controller module port control register port coquitlam port coquitlam district hunting and fishing club port coquitlam fire department port coquitlam minor lacrosse association portcrayon