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Repeal of Muni-Bond Tax Exemption Would Costs Georgia Taxpayers Billions

August 8, 2013  |  National Association of Counties
The information provided here is for informational and educational purposes and does not necessarily reflect the opinion and/or policy position of the Georgia Municipal Association.

The estimated costs of the repeal of tax-exempt status on municipal bonds would have cost Georgia taxpayers $12.3 billion between 2003 and 2012.


A report from the National Association of Counties (NACo) estimates that Georgia taxpayers would have had to pay an additional $12.3 billion between 2003 and 2012 if the tax-exempt status of municipal bonds was not in effect. Georgia taxpayers would have had to pay an additional $4.3 billion if a proposed 28% benefit cap on interest income on municipal bonds was in place over the same time period.
 
More information can be found in the NACo report, Municipal Bonds Build America (PDF, 1.93 MB).