3.0.0 3518 2019-11-15T21:59:21Z 2019-11-15T21:59:21Z Senate S S 2008-09-18 110 ssfi00 Finance Committee Senate Standing Referred to 2008-09-18T21:04:29Z 110 6333 HR 2008-06-20 Referred to the House Committee on Ways and Means. Related bill CRS 2008-09-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9031) IntroReferral 2008-09-18 Sponsor introductory remarks on measure. (CR S9030-9031) IntroReferral B00100 9 Library of Congress 2008-09-18 Introduced in Senate IntroReferral 10000 9 Library of Congress B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS N C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2008-09-18 True Taxation Bonds Brokers Economics and Public Finance Finance and Financial Sector Government Operations and Politics Income tax Indexing (Economic policy) Interest Local finance Tax deductions Tax exemption Taxation

00 2008-09-18 Introduced in Senate 2008-11-04T20:59:48Z Municipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow financial institutions and brokers to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in Senate 2008-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3518is/xml/BILLS-110s3518is.xml 2008-09-18 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9031) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.