Taxable Bonds definition

Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

Taxable Bonds means those Bonds on which the interest earned is included in gross income of the owner for federal income tax purposes pursuant to the Internal Revenue Code.

Taxable Bonds means any Bonds not issued as Tax-Exempt Bonds.

Examples of Taxable Bonds in a sentence

• Requests for Taxable Bonds shall be considered by the Board of Directors in an amount recommended by the Credit Underwriter.

• Any expenses relating to the issuance of Tax-exempt Bonds or Taxable Bonds related to the particular Development.

• For Developments financed solely through the issuance of Taxable Bonds or refundings of Tax-exempt Bonds originally issued under section 103(b)(4)(A) of the Internal Revenue Code of 1954, as amended, 20 percent of the residential units in the Development shall be occupied by or reserved for occupancy by a Family whose Annual Household Income does not exceed 80 percent of the area median income limits adjusted for Family size (the 20/80 set-aside).

• Any Series of Bonds issued under this MasterIndenture either (i) may be issued as Tax Exempt Bonds, or (ii) may be issued as Taxable Bonds.

• The Bonds are Unsecured, Redeemable, Non-Convertible, Taxable Bonds in the nature of Debentures.

More Definitions of Taxable Bonds

Taxable Bonds means bonds issued by the authority that are not accompanied by a written opinion of legal counsel to the authority that the bonds are excluded from the gross income of the recipients for federal income tax purposes.

Taxable Bonds means Bonds the interest on which is intended to be included in gross income for purposes of federal income taxation.

Taxable Bonds means any Bonds the interest on which is not excludable from gross income for federal income tax purposes.

Taxable Bonds means a Series of Series 2016 Bonds that are obligations, the interest on which is included in gross income for federal income tax purposes.

Taxable Bonds means any Bonds designated by the U.T. System Representative in the Award Certificate as Taxable Bonds, the interest on which is includable in the gross income of the owners thereof for federal income tax purposes.

Taxable Bonds means Bonds, the interest on which is includable in gross income for Federal income tax purposes under the Code.

Taxable Bonds means those Bonds, which by their terms, bear interest that is not excluded from gross income for purposes of Federal income taxation.