S. 3350 · 111th Congress
Municipal Bond Market Support Act of 2010
- Stage
- In committee
- Sponsor
- Jeff Bingaman
- Introduced
- 2010-05-12
- Latest action
- 2010-05-12 · Introduced in Senate
Summary
Municipal Bond Market Support Act of 2010 - 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.