Supreme Court to consider muni bond case
The U.S. Supreme Court recently said that it would hear a case this fall that could affect Section 529 college savings plans.
The U.S. Supreme Court recently said that it would hear a case this fall that could affect Section 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 fund securities.
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