H.R. 5199 · 113th Congress
Municipal Bond Market Support Act of 2014
- Stage
- In committee
- Sponsor
- Tom Reed
- Introduced
- 2014-07-24
- Latest action
- 2014-07-24 · Introduced in House
Summary
Municipal Bond Market Support Act of 2014 - 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 2014.