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Bond Market Association

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©1997-2001. All reproduction and other rights reserved.
The printed version of this Guide is available in bulk from
The Bond Market Association's Publications Department.

All information and opinions contained in this publication were produced by The Bond Market Association from our membership and other sources believed by the Association to be accurate and reliable. By providing this general information, The Bond Market Association makes neither a recommendation as to the appropriateness of investing in fixed-income securities nor is it providing any specific investment advice for any particular investor. Due to rapidly changing market conditions and the complexity of investment decisions, supplemental information and sources may be required to make informed 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		X(1)
Georgia		X
Hawaii		X
Idaho		X
Illinois	X(2)	X(2)
Indiana
Iowa	X(2)	X
Kansas	X(2)	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		Xs
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
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) Subject to intangible property tax. (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.