H.R. 2229 · 114th Congress
Municipal Bond Market Support Act of 2015
- Stage
- In committee
- Sponsor
- Tom Reed
- Introduced
- 2015-05-01
- Latest action
- 2015-05-01 · Introduced in House
Summary
Municipal Bond Market Support Act of 2015
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 2015.