|
|
|
S. 1016: Municipal Bond Market Support Act of 2011
A bill 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.
|
Share
|
|
|
|
|
Introduced :
|
Tue, May 17, 2011
|
|
Sponsor :
|
|
|
Status :
|
introduced Tue, May 17, 2011
|
|
|
|
|
|
|
May-12
|
|
|
0 Total Hits For All Bills
|
|
|
|
|
|
|
Co-Sponsors
|
|
Actions
| Date | Type | Description | Result |
|
1/1/0001
|
action
|
Sponsor introductory remarks on measure. (CR S3058-3059)
|
|
|
1/1/0001
|
action
|
Read twice and referred to the Committee on Finance.
|
|
|
|
Rolls
|
|
Committee Assignments
|
|
Subject Terms
|
|
Related Legislative
|
|
Amendments
|
|
Titles Assigned
| Type | AS | Title |
|
short
|
introduced
|
Municipal Bond Market Support Act of 2011
|
|
official
|
introduced
|
A bill 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.
|
|
|
|
SUMMARY:
5/17/2011--Introduced.
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 small issuers of tax-exempt municipal bonds, and (2) allow an inflation adjustment to such increased limit amount after 2011.
|
|
|
|
|