Guaranty won't affect tax-exempt status for money-market funds

09/22/2008 | Reuters

Money-market funds that qualify won't lose their tax-exempt status if they participate in a temporary guaranty program announced by the government. "Participation in the temporary guaranty program will not be treated as a federal guaranty that jeopardizes the tax-exempt treatment of payments by tax-exempt money market funds," the Treasury Department said.

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