« Supreme Court Declines to Hear Superintendent's Appeal in Parental-Rights Case | Main | 7th Circuit Says Searches of Students at Private School Violated Fourth Amendment »

Justices Decide Cases on Municipal Bonds, Child Porn Law

The U.S. Supreme Court today ruled 7-2 that states may continue to exempt from state income taxes interest on municipal bonds issued within the state, while taxing interest on out-of-state bonds.

Since the decision in Department of Revenue of Kentucky v. Davis (Case No. 06-666) was the one the municipal bond industry was hoping for and expecting, the whole industry breathed a sigh of relief. Experts had said a ruling the other way might have destabilized the market for muni bonds, which are vital to school districts and other local government agencies.

Bloomberg News reports here, and the Associated Press reports here.

In another decision on Monday, the justices upheld a federal law that deals with pandering or solicitation of child pornography.

In United States v. Williams (No. 06-694), the court ruled 7-2 that a 2003 law that was Congress' latest effort to combat child pornography was not unconstitionally overbroad or too vague. The AP reports here.

Notice: We recently upgraded our comments. (Learn more here.) If you are logged in as a subscriber or registered user and already have a Display Name on edweek.org, you can post comments. If you do not already have a Display Name, please create one here.
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Follow This Blog


Most Viewed on Education Week



Recent Comments