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- H.R.3967
H.R.3967: Municipal Bond Market Support Act of 2019
About This Bill
- Introduced July 25, 2019
- Latest Major Action July 25, 2019
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (3 Democrats, 2 Republicans)
Bill Version
- Introduced in House - July 25, 2019
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 25, 2019 |
Referred to the House Committee on Ways and Means.
|
| July 25, 2019 |
Introduced in the House by Terri Sewell (D-Ala.) |