H.R. 6333 would amend the Internal Revenue Code of 1986 to modify the limitations on the deduction of interest by financial institutions which hold tax-exempt bonds.

== Detailed Summary ==

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(Log inMunicipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to edit the wiki and be the firstsmall issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to provide a detailed summary$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 bill!)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 to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.
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== Status of the Legislation ==

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(Log inLatest Major Action: 6/20/2008: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
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== Points in Favor ==

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== Points Against ==

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