US SB3257 | 2015-2016 | 114th Congress
Status
Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on July 14 2016 - 25% progression, died in committee
Action: 2016-07-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 14 2016 - 25% progression, died in committee
Action: 2016-07-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
Municipal Bond Market Support Act of 2016
Sponsors
| Sen. Robert Menendez [D-NJ] | Sen. Benjamin Cardin [D-MD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-07-14 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/3257/all-info |
| Text | https://www.congress.gov/114/bills/s3257/BILLS-114s3257is.pdf |
