(redirected from Financial Asset Securitization Investment Trust)
FASITFinancial Asset Securitization Investment Trust
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The legislation also exempts insurance companies and banks, effective for taxes due after June 30, 1999; it increased the minimum tax payment for individuals from $5 to $60, and exempted Roth individual retirement accounts, real estate mortgage investment conduits and certain financial asset securitization investment trusts from the tax, effective July 1, 1998.
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