A type of municipal bond which exempt from federal income taxes, provided the benefits to private individuals are very small. Often used for roads, libraries, government buildings, and similar projects.
Related information about public purpose bond:
- Public Purpose Bond Definition | Investopedia
This type of bond is used by municipalities to finance public works facilities and improvements. However, the vast majority of the benefit provided by the project ...
- Private Purpose Bond Definition | Investopedia
Public purpose bond income is tax free at the federal level, and often at the state level if the individual resides in the state where the bond was issued.
- What is public purpose bond? definition and meaning
Definition of public purpose bond: A type of municipal bond which exempt from federal income taxes, provided the benefits to private individuals are very small.
- Public-Purpose Bond - Financial Dictionary - The Free Dictionary
A specific type of municipal bond used to finance public projects such as roads or government buildings. Interest on municipal bonds is federal income tax-free.
- Public-purpose bond Definition - NASDAQ.com
Public-purpose bond : read the definition of Public-purpose bond and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
- Private-Purpose Bond Definition & Example | InvestingAnswers
... for a surprise, however, because the bond is a private-purpose bond rather than a public-purpose bond; that is, the proceeds don't go toward building schools, ...
- municipal bond: Definition from Answers.com
... between public and private purpose is based on the percentage extent to which the bonds benefit private parties; if a taxexempt public purpose bond involves ...
- general obligation bond Definition | Business Dictionaries from ...
category of municipal bond distinguished from public purpose bond in the tax reform act of 1986 because 10% or more of the bond's benefit goes to private ...