US HB2229 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 1 2015 - 25% progression, died in committee
Action: 2015-05-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 1 2015 - 25% progression, died in committee
Action: 2015-05-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
Municipal Bond Market Support Act of 2015
Sponsors
| Rep. Tom Reed [R-NY] | Rep. Richard Neal [D-MA] | Sen. Todd Young [R-IN] | Rep. John Larson [D-CT] |
| Rep. Randy Hultgren [R-IL] | Rep. Ron Kind [D-WI] | Rep. Gwen Moore [D-WI] | Rep. Blaine Luetkemeyer [R-MO] |
| Rep. Sean Duffy [R-WI] | Rep. Michael Capuano [D-MA] | Rep. Tom Emmer [R-MN] | Rep. Bill Pascrell [D-NJ] |
| Rep. Kay Granger [R-TX] | Rep. Ruben Hinojosa [D-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-05-01 | House | Referred to the House Committee on Ways and Means. |
| 2015-05-01 | House | Introduced in House |
Subjects
Income tax deductions
Income tax exclusion
Inflation and prices
Interest, dividends, interest rates
Securities
State and local finance
Tax-exempt organizations
Taxation
Income tax exclusion
Inflation and prices
Interest, dividends, interest rates
Securities
State and local finance
Tax-exempt organizations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/2229/all-info |
| Text | https://www.congress.gov/114/bills/hr2229/BILLS-114hr2229ih.pdf |
