S 1016
112th Congress
Senate
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 2011
Introduced: May 17, 2011
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 17, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3059)
May 17, 2011
Sponsor introductory remarks on measure. (CR S3058-3059)
May 17, 2011
Introduced in Senate
Plain-English summary
Municipal Bond Market Support Act of 2011 - 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 2011.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3059)
Committees of jurisdiction
1