US HB5199 | 2013-2014 | 113th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 24 2014 - 25% progression, died in committee
Action: 2014-07-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 24 2014 - 25% progression, died in committee
Action: 2014-07-24 - 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 2014 - 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 2014.
Title
Municipal Bond Market Support Act of 2014
Sponsors
| Rep. Tom Reed [R-NY] | Rep. Randy Hultgren [R-IL] | Rep. Ron Kind [D-WI] | Rep. John Larson [D-CT] |
| Rep. Blaine Luetkemeyer [R-MO] | Rep. Richard Neal [D-MA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-07-24 | House | Referred to the House Committee on Ways and Means. |
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/113th-congress/house-bill/5199/all-info |
| Text | https://www.congress.gov/113/bills/hr5199/BILLS-113hr5199ih.pdf |
