S 2371
118th Congress
Senate
Taxation
ACRE Act of 2023
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 19, 2023
Read twice and referred to the Committee on Finance.
Jul 19, 2023
Introduced in Senate
Plain-English summary
Access to Credit for our Rural Economy Act of 2023 or the ACRE Act of 2023
This bill excludes from the gross income of certain financial lending institutions, for income tax purposes, interest received on loans secured by rural or agricultural real estate.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1