Interest from municipal bonds is exempt from federal income tax. Interest from Treasury bills, notes and bonds is exempt from state income taxes. Other forms of interest income is taxable as regular income. Interest paid by corporations to bondholders is a tax-deductible expense to the corporation.
VERA: Season 4. Airs Fridays, July 31, Aug. 7 & 28 & Sept. 4, 2015 at 10 p.m. on KPBS TV. Above: Multi-award-winning actress Brenda Blethyn as DCI Vera Stanhope, and David Leon as Sergeant Joe Ashworth in the fourth season of VERA.
Episode 4: Death Of A Family Man airs Friday, Sept. 4 at 10 p.m. - In the closing episode of the fourth series of VERA, DCI Vera Stanhope investigates the death of businessman John Searwood, who was found floating under the Gateshead Millennium Bridge.