H.R. 5705 (112th): Municipal Bond Market Support Act of 2012

Introduced:
May 09, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Tom Reed II
Representative for New York's 29th congressional district
Party
Republican
Text
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Last Updated
May 09, 2012
Length
4 pages
Related Bills
S. 1016 (Related)
Municipal Bond Market Support Act of 2011

Referred to Committee
Last Action: May 17, 2011

 
Status

This bill was introduced on May 9, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 09, 2012
Referred to Committee May 09, 2012
 
Full Title

To amend the Internal Revenue Code of 1986 to permanently modify the limitations on the deduction of interest by financial institutions which hold tax-exempt bonds, and for other purposes.

Summary

No summaries available.

Cosponsors
4 cosponsors (4D) (show)
Committees

House Ways and Means

Trade

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/9/2012--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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