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HR 399 109th Congress House

Rural Economic Investment Act of 2005

Official title: To amend the Internal Revenue Code of 1986 to exclude from gross income interest received on loans secured by agricultural real property.

Introduced: January 26, 2005 See on congress.gov
Taxation Agricultural creditAgriculture and FoodCommerceFarm lands
More subjectsShow fewer subjects
Finance and Financial SectorHousing and Community DevelopmentIncome taxInterestMortgagesRural housingSavings and loan associationsTax exclusion
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2005
Referred to the House Committee on Ways and Means.
Jan 26, 2005
Introduced in House
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 Latest action January 26, 2005

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Rural Economic Investment Act of 2005 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association that is insured under the Federal Deposit Insurance Act on a loan secured by agricultural real estate or by a leasehold mortgage on agricultural real estate (real property used for agricultural production or certain single family rural residences).

 Related & companion bills 2
  • HR 4854 Related bill Rural Communities Investment Act of 2006
  • S 238 Identical bill Rural Economic Investment Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Moran, Jerry
Kansas · Jan 26, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 399: Rural Economic Investment Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-399/
MLA
"H.R. 399: Rural Economic Investment Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-399/.
Bluebook (legal)
H.R. 399, 109th Cong. (2026), https://openamerica.io/bill/109-HR-399/.
Markdown link
[H.R. 399: Rural Economic Investment Act of 2005](https://openamerica.io/bill/109-HR-399/)
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