Washington - Taxation
IRS Suggesting NJHCFFA 1993 Bonds May Be Taxable
Monday, December 10, 2012
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The Internal Revenue Service has suggested that some of the revenue bonds issued in 1993 by the New Jersey Health Care Facilities Financing Authority for Deborah Heart and Lung Center may not be tax-exempt because of a "total return swap," and has asked NJHCFFA for more information.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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