HR 5705
112th Congress
House
Taxation
Income tax deductions
Income tax exclusion
Inflation and prices
Interest, dividends, interest rates
Securities
State and local finance
Tax-exempt organizations
Municipal Bond Market Support Act of 2012
Introduced: May 9, 2012
See on congress.gov
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
Referred to the House Committee on Ways and Means.
May 9, 2012
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on Trade.
Committees of jurisdiction
2