HR 5199 · 113th Congress · Taxation

Municipal Bond Market Support Act of 2014

Introduced 2014-07-24· Sponsored by Rep. Reed, Tom [R-NY-23]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2014-07-24)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (5)

3 Democrats2 Republicans