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HR 5705 112th Congress House

Municipal Bond Market Support Act of 2012

Official title: To amend the Internal Revenue Code of 1986 to permanently modify the limitations on the deduction of interest by financial institutions which hold tax-exempt bonds, and for other purposes.

Introduced: June 1, 2012 See on congress.gov
Taxation Income tax deductionsIncome tax exclusionInflation and pricesInterest, dividends, interest rates
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SecuritiesState and local financeTax-exempt organizations
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 14, 2012
Referred to the Subcommittee on Trade.
May 9, 2012
Introduced in House
May 9, 2012
Referred to the House Committee on Ways and Means.
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 Latest action May 14, 2012

Referred to the Subcommittee on Trade.

 Plain-English summary Congressional Research Service

Municipal Bond Market Support Act of 2012 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) permanently increase from $10 million to $30 million the annual limit on the amount of tax-exempt obligations that a small issuer may issue, and (2) allow an inflation adjustment to such increased limit amount after 2012.

 Related & companion bills 1
  • S 1016 Related bill Municipal Bond Market Support Act of 2011
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3
D
Larson, John B.
Connecticut · Jun 1, 2012
 D
Moore, Gwen
Wisconsin · Jun 1, 2012
 D
Neal, Richard E.
Massachusetts · May 9, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5705: Municipal Bond Market Support Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-5705/
MLA
"H.R. 5705: Municipal Bond Market Support Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-5705/.
Bluebook (legal)
H.R. 5705, 112th Cong. (2026), https://openamerica.io/bill/112-HR-5705/.
Markdown link
[H.R. 5705: Municipal Bond Market Support Act of 2012](https://openamerica.io/bill/112-HR-5705/)
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