"The Supreme Court on Monday upheld the preferential tax break that nearly all states give their residents who invest in bonds issued by the state and its municipalities. By a vote of 7 to 2, the justices rejected the argument that a state engages in unconstitutional discrimination against interstate commerce by exempting the interest on its bonds from residents’ taxable income while taxing the interest earned on the bonds of other state"
Tuesday, May 20, 2008
Court Upholds Tax Exemptions for Municipal Bonds - New York Times
Court Upholds Tax Exemptions for Municipal Bonds - New York Times: