US HB5705 | 2011-2012 | 112th Congress
Status
Sponsorship: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on May 9 2012 - 25% progression, died in committee
Action: 2012-05-14 - Referred to the Subcommittee on Trade.
Pending: House Subcommittee on Trade Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 9 2012 - 25% progression, died in committee
Action: 2012-05-14 - Referred to the Subcommittee on Trade.
Pending: House Subcommittee on Trade Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Municipal Bond Market Support Act of 2012 - 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 2012.
Title
Municipal Bond Market Support Act of 2012
Sponsors
| Rep. Tom Reed [R-NY] | Rep. Ron Kind [D-WI] | Rep. John Larson [D-CT] | Rep. Gwen Moore [D-WI] |
| Rep. Richard Neal [D-MA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-14 | House | Referred to the Subcommittee on Trade. |
| 2012-05-09 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1016 (Related) 2011-05-17 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3059)
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/112th-congress/house-bill/5705/all-info |
| Text | https://www.congress.gov/112/bills/hr5705/BILLS-112hr5705ih.pdf |
