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HR 5335 114th Congress House

Facilitating Farmers' Access to Resources and Machinery Act

Official title: To amend the Internal Revenue Code of 1986 to expand certain exceptions to the private activity bond rules for first-time farmers, and for other purposes.

Introduced: May 25, 2016 See on congress.gov
Taxation Agricultural equipment and machineryFarmlandIncome tax exclusionInflation and pricesSecurities
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
May 25, 2016
Referred to the House Committee on Ways and Means.
May 25, 2016
Introduced in House
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 Latest action May 25, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Facilitating Farmers' Access to Resources and Machinery Act

This bill amends the Internal Revenue Code, with respect to private activity bond financing for first-time farmers, to: (1) increase from $450,000 to $520,000 (adjusted annually for inflation) the amount of bond proceeds that may be used by a first-time farmer to acquire land for farming purposes, (2) repeal the separate dollar limitation on the use of bond proceeds for used farm equipment, and (3) modify the definition of "substantial farmland" to determine farm size by reference to the average (instead of median) size of a farm in the county in which the farm is located.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 3
Blum, Rod
· May 25, 2016
 R
Emmer, Tom
Minnesota · May 25, 2016
 R
LaHood, Darin
Illinois · May 25, 2016
Noem, Kristi
· May 25, 2016
 R
Smith, Adrian
Nebraska · May 25, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5335: Facilitating Farmers' Access to Resources and Machinery Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5335/
MLA
"H.R. 5335: Facilitating Farmers' Access to Resources and Machinery Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5335/.
Bluebook (legal)
H.R. 5335, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5335/.
Markdown link
[H.R. 5335: Facilitating Farmers' Access to Resources and Machinery Act](https://openamerica.io/bill/114-HR-5335/)
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