Muni-bond case gets its day in court
The Supreme Court heard oral arguments last month in a case that could affect Section 529 college savings plans.
The Supreme Court heard oral arguments last month in a case 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 was unconstitutional. The appeal to the Supreme Court holds significance for 529 plans because they are governed as municipal securities. For a look at last month’s Supreme Court proceedings, visit supremecourtus.gov/oral_arguments/argument_transcripts/06-666.pdf.
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