Summary: S.3350 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for S.3350. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/12/2010)

Municipal Bond Market Support Act of 2010 - 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 small issuers of tax-exempt municipal bonds; and (2) allow an inflation adjustment to such increased limit amount after 2011.