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Securities Industry and Financial Markets Association

All information and opinions contained in this publication were produced by the Securities Industry and Financial Markets Association (SIFMA) from our membership and other sources believed by SIFMA to be accurate and reliable. By providing this general information, SIFMA is neither recommending investing in securities, nor providing investment advice for any investor. Due to rapidly changing market conditions and the complexity of investment decisions, please consult your investment advisor regarding investment decisions.

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State Taxation of Municipal Bonds for Individuals

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State Taxation of Municipal Bonds for Individuals

To view the chart, in PDF* format, on state taxation of municipal bonds for individuals, click here.

STATE	STATE'S OWN BONDS	OTHER STATE'S BONDS
Alabama		X
Alaska (no tax)
Arizona		X
Arkansas		X
California Income		X
Colorado		X
Connecticut		X
Delaware		X
District of Columbia
Florida
Georgia		X
Hawaii		X
Idaho		X
Illinois	X(2)	X(2)
Indiana
Iowa	X(2)	X
Kansas		X
Kentucky		X
Louisiana		X
Maine		X
Maryland		X
Massachusetts		X
Michigan		X
Minnesota		X
Mississippi		X
Missouri		X
Montana		X
Nebraska		X
Nevada (no tax)
New Hampshire		X
New Jersey		X
New Mexico		X
New York		X
North Carolina		X
North Dakota		X(3)
Ohio		X
Oklahoma	X(4)	X(4)
Oregon		X
Pennsylvania		X
Rhode Island		X
South Carolina		X
South Dakota (no tax)
Tennessee		X
Texas (no tax)
Utah	X(2)	X(1)(2)
Vermont		X
Virginia		X
Washington (no tax)
West Virginia		X
Wisconsin	X(2)	X(2)
Wyoming (no tax)

Bonds are designated “X” if taxable. All others are exempt or excluded from tax, or no income taxes are levied by those states. In certain cases, these designations pertain only to general obligation bonds, or to bonds in general. For example, a state may not generally exempt bonds, but some bonds may be specifically exempted by the laws authorizing their issuance.
(1) Income earned from a bond issued by another state is taxable only if such other state imposes a tax on Utah bonds.
(2) Interest from some obligations is exempt from tax.
(3) Taxable only if long form is used.
(4) Some bonds may be exempt by state law.