Indiana Municipal Bond

Indiana municipal bond funds and ETFs invest in debt obligations issued by... Indiana municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Indiana. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Indiana has issued nearly $50 billion of municipal bonds, putting it roughly in the middle of states. A notable feature is the Indiana Bond Bank which helps local governments issue debt. There are 92 counties in Indiana. Voters typically must approval county and school district bond issuance. The state of Indiana also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 04/25/2024 View more View less

Indiana municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Indiana. These funds typically include revenue bonds and general obligation bonds with... Indiana municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Indiana. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Indiana has issued nearly $50 billion of municipal bonds, putting it roughly in the middle of states. A notable feature is the Indiana Bond Bank which helps local governments issue debt. There are 92 counties in Indiana. Voters typically must approval county and school district bond issuance. The state of Indiana also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 04/25/2024 View more View less