This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate the federal tax exemption on interest from municipal bonds by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".
If the exemption is eliminated only for specific types or classes of municipal bonds (e.g., only newly issued bonds, only bonds from certain states or localities, or only bonds purchased after a certain date), it will still count toward a "Yes" resolution for this market.
If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.
The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.
