118th Congress · HOUSE BILLBILL

H.R. 3139ACRE Act of 2023

To amend the Internal Revenue Code of 1986 to exclude from gross income interest received on certain loans secured by rural or agricultural real property.

Taxation
Introduced May 9, 2023
Last action May 9, 2023
Pipeline · Bill → Law
Step 1
Introduced
May 9, 2023
Step 2
Referred
May 9, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill excludes from the gross income of certain financial lending institutions, for income tax purposes, interest received on loans secured by rural or agricultural real estate.

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
May 9, 2023
Introduced in House
May 9, 2023
Referred to the House Committee on Ways and Means.