U.S. Congress - S.1016 Municipal Bond Market Support Act of 2011
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. view all titles (2)
All Bill Titles
- Official: 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. as introduced.
- Short: Municipal Bond Market Support Act of 2011 as introduced.
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Official 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 oOfficial 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 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.
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