CHICAGO — The market for tax-credit bonds created by the federal stimulus is expected to take off despite a sluggish start and remaining questions surrounding the so-called tax-stripping option, said participants at The Bond Buyer’s Municipal Finance in the Stimulus Era conference here yesterday.

“We haven’t had a market in tax credits to date in this country but we’re in the midst of creating one — there’s too much volume and the subsidies are too deep,” said Kemp Lewis, managing director at Morgan Keegan & Co. “There will be more than $30 billion in bonds with tax credits attached.”

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