H.R. 5705 · 112th Congress
Municipal Bond Market Support Act of 2012
- Stage
- In committee
- Sponsor
- Tom Reed
- Introduced
- 2012-05-09
- Latest action
- 2012-05-14 · Referred to the Subcommittee on Trade.
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.