House Speaker John Boehner's "Plan B" backup proposal to prevent some tax rate increases would make permanent two muni bond provisions that were originally enacted along with the 2001 and 2003 Bush-era tax rate cuts.

The first proposal would increase the arbitrage rebate exception for qualified school construction bonds to $15 million from $10 million on a permanent basis. This would cost $72 million over 10 years, according to an analysis the Joint Committee on Taxation released Wednesday.

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