ECORA Act of 2021
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Enhancing Credit Opportunities in Rural America Act of 2021 or the ECORA Act of 2021
This bill modifies the requirements for calculating taxable income to exclude from gross income interest received by a lender from real estate loans secured by agricultural real estate or by a leasehold mortgage (with a status as a lien) on agricultural real estate.
Agricultural real estate includes real property that is substantially used for the production of one or more agricultural products. It also includes any single family residence that is (1) the principal residence of its occupant, (2) located in a rural area which is not within a Metropolitan Statistical Area and has a population of 2,500 or less, and (3) is purchased or improved with the proceeds of a loan secured by agricultural real estate or by a household mortgage.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1977: ECORA Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1977/
"H.R. 1977: ECORA Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1977/.
H.R. 1977, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1977/.
[H.R. 1977: ECORA Act of 2021](https://openamerica.io/bill/117-HR-1977/)