US HB5189 | 2009-2010 | 111th Congress
Status
Sponsorship: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on April 29 2010 - 25% progression, died in committee
Action: 2010-04-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 29 2010 - 25% progression, died in committee
Action: 2010-04-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Municipal Finance Improvements Act of 2010 - Amends the Internal Revenue Code to require the issuer of a tax-exempt state or local bond to obtain an optimal bond financing certification. Defines "optimal bond financing certification" as a written statement by an independent qualified financial advisor that the issuance fees and aggregate interest cost to the bond issuer are reasonable without materially increasing the risks to the issuer or bond obligors. Allows a tax credit for small issuers of tax-exempt bonds. Defines a "small issuer" as any issuer of tax-exempt bonds with an aggregate face value not exceeding $50 million in a calendar year.
Title
Municipal Finance Improvements Act of 2010
Sponsors
| Rep. Bob Filner [D-CA] | Rep. John Hall [D-NY] | Rep. Maurice Hinchey [D-NY] | Rep. John Mica [R-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-04-29 | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/5189/all-info |
| Text | https://www.congress.gov/111/bills/hr5189/BILLS-111hr5189ih.pdf |
