S. 1016 · 112th Congress
Municipal Bond Market Support Act of 2011
- Stage
- In committee
- Sponsor
- Jeff Bingaman
- Introduced
- 2011-05-17
- Latest action
- 2011-05-17 · Introduced in Senate
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.