United States 112th Congress Status: Died 1 D cosponsors

S 1016 — Municipal Bond Market Support Act of 2011

Last action — Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3059)

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Municipal Bond Market Support Act of 2011 - 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 2011.

Bill Text

We don't have the full text on file for this bill yet.

Read S 1016 on the official United States source →

Action History

  1. Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3059)

  2. Sponsor introductory remarks on measure. (CR S3058-3059)

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

Income tax deductions Income tax exclusion Inflation and prices Interest, dividends, interest rates Securities State and local finance Tax-exempt organizations Taxation
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Frequently asked questions

What does S 1016 do?
Municipal Bond Market Support Act of 2011 - 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 2011.
Who sponsors S 1016?
S 1016 is sponsored by Jeff Bingaman (Democrat).
What is the current status of S 1016?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 1016?
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Last checked for changes about 8 hours ago · updated continuously

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