GIVEN (This is true): The Hall tax on interest and dividend income has been phased out by Tennessee state law (signed in 2016, repealed for tax years beginning Jan. 1, 2021). The Hall tax exempted municipal bond interest if the bond was issued by a county or municipality in Tennessee.

STATEMENT YOU ARE TO SCORE AS TRUE OR FALSE: Due to this repeal, Tennessee will no longer be a state where municipal bonds issued in-state are "doubly exempt."

A. True

B. False