S. 3257 · 114th Congress
Municipal Bond Market Support Act of 2016
- Stage
- In committee
- Sponsor
- Bob Menendez
- Introduced
- 2016-07-14
- Latest action
- 2016-07-14 · Introduced in Senate
Summary
Municipal Bond Market Support Act of 2016
This bill 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 2016.