HR 4854
109th Congress
House
Taxation
Agricultural credit
Agriculture and Food
Commerce
Farm lands
Finance and Financial Sector
Housing and Community Development
Income tax
Interest
Mortgages
Rural housing
Savings and loan associations
Tax exclusion
Rural Communities Investment Act of 2006
Introduced: March 2, 2006
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1