WASHINGTON — The two-year, $109 billion highway bill that cleared the Senate Wednesday contained several provisions that would benefit or ease restrictions on municipal bonds, but market participants think they could come to nothing if the House insists on pursuing its own bill.

The bill sponsored by Sens. Barbara Boxer, D-Calif., and James Inhofe, R-Okla., passed with a 74-to-22 vote. If enacted, it would temporarily increase the limit for bank-qualified bonds to $30 million from $10 million, exempt private-activity bonds from the alternative minimum tax, eliminate the PAB volume cap for water and sewer bonds, and authorize state infrastructure banks to issue tax-credit bonds for transportation projects, or TRIPS.

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