South Carolina Municipal Bond

South Carolina Municipal Bond Funds and ETFs invest in debt obligations issued... South Carolina Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of South Carolina. These funds 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. South Carolina has issued around $38 billion of municipal bonds, putting it just outside the bottom 10 of states by issuance. There are significant amounts of bonds issued for public schools as well as the port authority. There are 46 counties in Rhode Island. Voters typically must approval county and school district bond issuance. The state of South Carolina 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: 04/19/2024 View more View less

South Carolina Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of South Carolina. These funds include revenue bonds and general obligation bonds... South Carolina Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of South Carolina. These funds 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. South Carolina has issued around $38 billion of municipal bonds, putting it just outside the bottom 10 of states by issuance. There are significant amounts of bonds issued for public schools as well as the port authority. There are 46 counties in Rhode Island. Voters typically must approval county and school district bond issuance. The state of South Carolina 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: 04/19/2024 View more View less