HR 651
109th Congress
House
Taxation
Agricultural credit
Agriculture and Food
Economics and Public Finance
Farm lands
Farmers
Farms
Federally-guaranteed loans
Finance and Financial Sector
Income tax
Indexing (Economic policy)
Tax-exempt securities
Agricultural Bond Improvement Act of 2005
Introduced: February 8, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 8, 2005
Referred to the House Committee on Ways and Means.
Feb 8, 2005
Introduced in House
Plain-English summary
Agricultural Bond Improvement Act of 2005 - Amends the Internal Revenue Code to: (1) exempt agricultural bonds from the volume cap applicable to private activity bonds; (2) permit a Federal guarantee of an agricultural bond under the Consolidated Farm and Rural Development Act without a loss of tax exemption; (3) increase the loan limit on agricultural bonds to $450,000 and index such amount for inflation after 2005; and (4) eliminate the dollar limitation in the definition of substantial farmland used for agricultural bonds.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1