Municipal Bond Market Support Act of 2019

Summary

Municipal Bond Market Support Act of 2019 This bill amends the Internal Revenue Code, with respect to the limitations on deductions for interest expenses of financial institutions that hold tax-exempt bonds, to: permanently increase from $10 million to $30 million the annual limit on the amount of tax-exempt obligations that may be issued to qualify for the small issuer exception to the tax-exempt interest expense allocation rules; require the limit for the small issuer exception to be adjusted for inflation after 2019; make permanent the rule that allows qualified 501(c)(3) bonds to be treated is if they were issued by the tax-exempt organization for whose benefit the bond was issued; and make permanent the special rule for the tax treatment of qualified financings used to make or finance loans to certain states, political subdivisions, or tax-exempt organizations.

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Timeline

1. 25 July 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 25 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 July 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 July 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 July 2019

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 25 July 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Sewell, Terri A. [D-AL-7] · D · Sponsor
• Rep. Reed, Tom [R-NY-23] · R · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• Rep. Brownley, Julia [D-CA-26] · D · Cosponsor
• Rep. Luria, Elaine G. [D-VA-2] · D · Cosponsor
• Rep. McCollum, Betty [D-MN-4] · D · Cosponsor
• · hswm00 · Standing

Related records

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