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Taxation

NGA: Lack of Online Sales Tax Bill is Affecting State Budgets

DEC 12, 2012 4:21pm ET

The National Governors Association sent a letter to the Senate Finance Committee Tuesday strongly urging passage of the online sales tax bill before the end of this year.

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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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