Series 52: Qualified Private Activity Bonds

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Qualified Private Activity Bonds...

private activity bonds that qualify for tax-exempt status. However, wealthy investors in qualified private activity bonds may be required to pay the alternative minimum tax.

Since you're reading about Series 52: Qualified Private Activity Bonds, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!