Washington - Taxation
IRS Releases 2012, 2013 QZAB Allocations for States
Thursday, January 31, 2013
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The Internal Revenue Service on Thursday issued allocations for $400 million of qualified zone academy bonds for each of the 2012 and 2013 calendar years, showing the maximum amount of these bonds that can be issued in each state.

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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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