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U.S. Supreme Court Ruling Upholds Constitutionality of Differential State Tax Treatment of Interest on In-State versus Out-of-State Municipal Bonds |
June 16, 2008
Previously published on May 22, 2008
Earlier this week, in Department of Revenue of Kentucky v. Davis, the U.S. Supreme Court upheld the constitutionality of Kentucky's version of a typical state income tax provision that exempts interest on municipal bonds issued by in-state issuers, but not out-of-state issuers.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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