Arguments scheduled in muni bond case

Oral arguments are scheduled for Nov. 5 before the U.S. Supreme Court in a case that could affect 529 college savings plans.
OCT 02, 2007
By  IN Staff
Oral arguments are scheduled for Nov. 5 before the U.S. Supreme Court in a case that could affect 529 college savings plans. A Kentucky court ruled last year that the state’s tax on interest earned on out-of-state municipal bonds is unconstitutional. The appeal to the Supreme Court holds significance for 529 plans because they are governed as municipal securities. The case is named Davis v. Kentucky Department of Revenue.

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