HR 399 · 109th Congress · Taxation

Rural Economic Investment Act of 2005

Introduced 2005-01-26· Sponsored by Rep. Osborne, Tom [R-NE-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-01-26)

Plain Language Summary

[AI summary unavailable — showing source text] Rural Economic Investment Act of 2005 - Amends the Internal Revenue Code to exclude from gross income interest received by a bank or savings association that is insured under the Federal Deposit Insurance Act on a loan secured by agricultural real estate or by a leasehold mortgage on agricultural real estate (real property used for agricultural production or certain single family rural residences).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Republicans
Rep. Moran, Jerry [R-KS-1]KS
Rep. Terry, Lee [R-NE-2]NE
Rep. Fortenberry, Jeff [R-NE-1]NE