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HR 4854 109th Congress House

Rural Communities Investment Act of 2006

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

Introduced: April 25, 2006 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
Mar 2, 2006
Referred to the House Committee on Ways and Means.
Mar 2, 2006
Introduced in House
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 Latest action March 2, 2006

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Rural Communities Investment Act of 2006 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association insured under the Federal Deposit Insurance Act on a loan acquired to purchase or improve rural housing and secured by rural housing or by a leasehold mortgage on such housing. Defines "rural housing" as any single family principal residence located in a rural area.

 Related & companion bills 2
  • HR 399 Related bill Rural Economic Investment Act of 2005
  • S 238 Related bill Rural Economic Investment Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Rogers, Harold
Kentucky · May 22, 2006
 D
Bishop, Sanford D.
Georgia · Apr 25, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4854: Rural Communities Investment Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4854/
MLA
"H.R. 4854: Rural Communities Investment Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4854/.
Bluebook (legal)
H.R. 4854, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4854/.
Markdown link
[H.R. 4854: Rural Communities Investment Act of 2006](https://openamerica.io/bill/109-HR-4854/)
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