The Muni Brief: Territories And Tax Exemption
VanEck·
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⚡ TL;DR · AI summary
Puerto Rico and four U.S. territories have the authority to issue tax-exempt bonds, which is significant for municipal investors. Current debt from Puerto Rico stands at around $37 billion. New Congressional initiatives aim to boost investment and encourage industries to return to the island.
Key facts
- ▪Puerto Rico is recognized as a key issuer of tax-exempt bonds.
- ▪The current debt outstanding from Puerto Rico is approximately $37 billion.
- ▪New Congressional initiatives include the Supply Chain Security and Growth Act and the MMEDS Act.
Original article
Seeking Alpha · VanEck
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