The Mortgage Subsidy Bond Tax Act of 1979: An Unwarranted Attack on State Sovereignty

Keohane, John J.

Journal: Fordham Urban Law Journal

Volume: 8

First Page: 483

Year: 1980

Bluebook Citation: 8 FORDHAM URB. L.J. 483 (1980)

Author: John J. Keohane: all 2 publications


Abstract

This Article examines the constitutionality of repealing the tax exempt status of interest accrued on bonds issued by states and municipalities. It concludes that repealing this tax exemption is unconstitutional, as it would encroach on state's sovereignty inherently protected by the constitution.

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