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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires exclusion of interest on loans secured by rural or agricultural real property Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following and requires interest on loans secured by rural or agricultural real property Gross income shall not include interest received by a qualified lender on any qualified real estate loan. It relies on definition changes, tax rate changes, compliance mandates, and product standards. The main policy areas are Agriculture, Finance, and Housing.
Who Benefits and How
Homeowners, tenants, or housing market participants affected by the bill could face lower compliance burdens, Financial services firms and customers affected by the bill could face lower compliance burdens, and Businesses and employers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Requires exclusion of interest on loans secured by rural or agricultural real property Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following...
- Requires interest on loans secured by rural or agricultural real property Gross income shall not include interest received by a qualified lender on any qualified real estate loan.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires exclusion of interest on loans secured by rural or agricultural real property Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following and requires interest on loans secured by rural or agricultural real property Gross income shall not include interest received by a qualified lender on any qualified real estate loan.
Key Policy Areas
Agriculture, Finance, Housing
Primary Purpose
The bill requires exclusion of interest on loans secured by rural or agricultural real property Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following and requires interest on loans secured by rural or agricultural real property Gross income shall not include interest received by a qualified lender on any qualified real estate loan.
Policy Domains
Whole bill
Identified Gains
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Feenstra (for himself and Mr. Nickel) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
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