What are the pros and cons of the following state and local tax provisions?
Definitions:
Fed Chairman
The leading figure of the Federal Reserve, the central banking system of the United States, responsible for monetary policy direction.
Federal Funds Market
A market where banks lend and borrow reserves from each other overnight in order to meet reserve requirements set by the central bank.
Depository Institution
A financial institution legally allowed to accept monetary deposits from consumers, such as banks and credit unions.
Federal Home Loan Bank Board
A now-defunct U.S. government agency that oversaw the Federal Home Loan Banks, which were created to support home mortgage lending and community investment.
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