| Article ID: | iaor19931041 |
| Country: | United States |
| Volume: | 4 |
| Start Page Number: | 491 |
| End Page Number: | 527 |
| Publication Date: | Aug 1992 |
| Journal: | Public Budgeting and Financial Management |
| Authors: | Carter Rosalyn, Hildreth W. Bartley |
| Keywords: | government, politics, management, financial |
The paper discusses the development of the federal regulation of state and local tax-exempt securities. The authors contend that the 1986 Tax Reform Act was only one step, albeit significant, in that development. The discusion reviews policy changes over the last two decades involving legislation, court decisions,and regulatory agencies.