single-state municipal bond fund Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: single-state municipal bond fund

Dictionary of Finance and Investment Terms

single-state municipal bond fund

mutual fund that invests entirely in tax-exempt obligations of governments and government agencies within a single state. Therefore, dividends paid on fund shares are not taxable to residents of that state when they file state tax returns although capital gains, if any, are taxable.

municipal bond
triple tax exempt

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