What federal securities are taxable to Iowa?

Article ID: 60220  

Question
What federal securities are taxable to Iowa?

Answer

The following are not considered federal securities and are taxable:

Federal Agency Obligations:

  • Building and Loan Associations

  • Credit Unions, federal or state

  • Export-Import Bank of the United States

  • Federal Agricultural Mortgage Corporation (Farmer Mac)

  • Federal Home Loan Mortgage Corporation (Freddie Mac) Securities

  • Federal Housing Administration

  • Federal income tax refunds, interest

  • Federal National Mortgage Association

  • Federal National Mortgage Association (Fannie Mae) Securities

  • Government National Mortgage Association (Ginnie Mae) Securities

  • Merchant Marine (Maritime Administration)

  • Money Market Certificates

  • Mortgage Participation Certificates

  • Savings and Loan Associations, federal or state

  • Small Business Administration

Obligations of International Institutions:

  • Asian Development Bank

  • Inter-American Development Bank

  • International Bank for Reconstruction and Development (World Bank)

Other Obligations:

  • Washington D.C. Metro Area Transit Authority


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Views: 605 Created on: Jun 15, 2013