The Private Use of Tax-Exempt Bonds: Controlling Public Subsidy of Private Activity

@inproceedings{Zimmerman1990ThePU,
 title={The Private Use of Tax-Exempt Bonds: Controlling Public Subsidy of Private Activity},
 author={Dennis L. Zimmerman},
 year={1990},
 url={https://api.semanticscholar.org/CorpusID:168141593}
}
The author provides a clear look at the major policy issues in tax-exempt bond legislation over the last 20 years. Unfettered issuance of such bonds tends to erode the tax base, misallocate the supply of scarce savings, distort the equity of the income tax system, and involve the federal government in some inappropriate financing of state and local services.

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